Salem Media Acquires Financial Publisher

Salem Media Group has acquired former financial analyst Hilary Kramer’s investment newsletters and websites, the Camarillo-based conservative and Christian media company announced Monday. The properties include newsletters GameChangers, High Octane Trader, Value Authority and Inner Circle as well as websites www.HilaryKramer.com and www.KramerCapitalResearch.com. They will be added to Salem Media’s Eagle Financial Publications portfolio along with a new product from Kramer called Turbo Trader. Financial terms of the acquisition were not disclosed. “I am thrilled to add Hilary Kramer and her services to our mix of products,” Eagle Publications Vice President Roger Michalski said in a statement. “Hilary’s track record and insights on the market are outstanding — which is why so many media outlets across the world have her on their shows regularly.” Kramer is a former analyst and investment banker at Morgan Stanley and Lehman Bros. Shares of Salem Media (SALM) rose a fraction of a cent, or almost 2 percent, on Monday to close at $4 on the Nasdaq.