Mentioned:
Donald Trump Jr is taking a stake in an unknown publicly traded company. And he has grand ambitions to build the future of conservative media.
What’s happening:
- Salem Media Group (OTCQX: SALM) has announced a new strategic partnership with Donald Trump Jr and Lara Trump
Why it matters:
- Salem Media Group is one of the few publicly traded companies focused on publishing conservative media across radio, print and digital media
Going deeper:
- The new partnership between Salem Media Group and Donald Trump Jr will also come with Salem Media Group acquiring a 30% equity stake in MxM News, which is co-owned by Donald Trump Jr
- Donald Trump Jr and Eric Trump just recently made waves in the public markets when they launched American Bitcoin in partnership with Hut 8 (NASDAQ: HUT) to form a new large scale Bitcoin mining operation in the United States of America
The intrigue:
- Conservative news platform Newsmax (NYSE: NMAX) also just recently made major waves on Wall Street when their shares surged more than 700% following their $75M USD IPO financing and listing onto the New York Stock Exchange
