NEW YORK – In a move certain to shake up the world of conservative media, Salem Communications, one of the nation’s leading conservative and Christian radio-broadcasting networks, is completing a bid to acquire Washington-based Eagle Publishing, which owns one of the nation’s oldest conservative book publishers, Regnery Publishing, reliable insiders have confirmed to WND.
The acquisition would expand the reach of the Salem Radio Network – currently syndicating talk, news and music programing to some 2,400 affiliates nationwide – to book publishing along with a wide range of Internet newspapers, newsletters and sites featuring leading columnists and commentators.
Salem owns the popular conservative blogs Townhall.com and Hotair.com.
Founded in 1947, Regnery established itself by publishing conservative classics such as William F. Buckley’s “God and Man at Yale” in 1951 followed by Whittaker Chambers’ “Witness” in 1952.
Regnery’s publications include the blog RedState.com with Erick Erickson and HumanEvents.com, the conservative weekly newspaper that was discontinued in its printed format in February.
Choosing to publish a select number of books each year, Regnery bestsellers in recent years have included “Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry,” co-authored by John O’Neill and Jerome Corsi (the author of this report) in 2004; Michelle Malkin’s “Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies” in 2009; and David Limbaugh’s “The Great Destroyer: Barack Obama’s War on the Republic” in 2012.
Human Events, often touted as President Reagan’s favorite newspaper, has been a conservative stalwart since the publication, billed as “the nation’s first conservative weekly,” was established in 1944.
Eagle Publishing, a private company, was established by Tom Philips in 1993. Phillips entered publishing in 1974, founding Phillips Publishing in the garage of his home in Chevy Chase, Md., with a small staff and a view to expand into the then-thriving independent newsletter business.
Run by Ed Atsinger, chief executive officer, and Stu Epperson, chairman of the board, Salem Communications is a public company, traded on NASDAQ (Symbol: SALM). Since the company’s initial public offering in July 1999, Salem Communications has grown from 46 to a total of 99 radio stations, with 61 stations in the nation’s top 25 markets – and 29 in the top 10.
In December 2011, the American Arbitration Association released a ruling in the arbitration case involving a dispute over royalties brought by three Regnery authors (including Corsi, the author of this article), ruling in favor of Regnery on all counts.