Conservative media powerhouse Salem Communications acquired three of its newest properties in an $8.5-million deal, according to SEC filings obtained by BuzzFeed.
According to the SEC filings, Salem will pay Eagle Publishing $8.5 million over three years for the acquisition of RedState, Regnery Publishing, and Human Events. The deal also includes earn out provisions that, if met, would mean an additional $8.5 million paid to Eagle Publishing. Details about those revenue benchmarks were not disclosed.
Salem has been on a buying spree in recent months, folding high-profile conservative media properties Twitchy, RedState, and Regnery Publishing into a portfolio that already included Hot Air and Townhall.