Debt has put Salem Communications in deep trouble
Why do Christian ministries and churches think that they are exempt from the biblical teaching on debt? I guess I want to know how and why Salem Communications got itself $320 million in debt in the first place? Now with all this debt Salem Communications is expanding into Spanish language radio and conservative talk radio? I have news, isn’t business expansion kind of risky in a depression especially when you are already in deep trouble? I do not think that Spanish broadcasting is going to be any great source of revenue for them. They also say they will expand into conservative talk radio.… continue reading