Conservative Broadcast Media And Journalism - CBMJ stock
OTC Symbol: CBMJ | OTC Tier: Pink Current
About[edit]
Conservative Broadcast Media & Journalism Inc. (OTC: CBMJ) operates social media accounts, operates a network of news and politics related websites, and owns a database with 12 million subscribers. The company operates in the digital media and marketing sector, with a focus on the development, marketing, and distribution of media content for niche markets.[1]
Brands[edit]
Flag and Cross[edit]
Flag and Cross is a conservative news and opinion website that aims to provide readers with accurate and informative content on politics, culture, and current events from a conservative perspective. The website features a team of writers who contribute articles, analysis, and commentary on various topics, as well as a section for reader-submitted content. In addition to news and opinion pieces, Flag and Cross also features a shop where readers can purchase conservative-themed merchandise. The website's mission is to "promote the conservative cause" and "defend traditional American values."[2]
The Schaftlein Report[edit]
The Schaftlein Report is a conservative news and opinion website that covers current events, politics, and culture from a right-leaning perspective. The website was founded by Jeffery D. Schaftlein, who is a political analyst, commentator, and former candidate for the U.S. House of Representatives. The Schaftlein Report features news articles, opinion pieces, and analysis on a variety of topics, including the economy, foreign policy, and social issues. The website also includes a blog where Schaftlein shares his own thoughts and commentary on current events. In addition to its website, The Schaftlein Report also produces a podcast, The Schaftlein Report with Jeffery D. Schaftlein, where Schaftlein interviews political figures, experts, and commentators on various topics. The podcast is available on Apple Podcasts, Google Podcasts, and other major podcast platforms.[3]
Mark Schaftlein[edit]
Mark Schaftlein is a private equity investor and the CEO of Conservative Broadcast Media & Journalism, Inc. (OTC: CBMJ). He also hosts The Schaftlein Report, a conservative news and opinion website that covers current events, politics, and culture from a right-leaning perspective. In addition, he is a political commentator on VietnewsTV, where he and other guests discuss factual political news without the left-wing bias of mainstream media.[4]
Patriot.TV[edit]
CBMJ launched it's subscription streaming service Patriot.TV in January, 2024, using assets that it purchased from LTV Streaming. Patriot.TV offers programming with Conservative and Christian content which is appropriate for families. All shows that were available on Liftable.TV will now be shown on Patriot.TV, along with AMPNEWS.US and American Media Periscope.[5]
Merger, Acquisition, Divestiture Activity[edit]
Ecommerce[edit]
July 2022: The company sold their e-commerce business (www.patriotdepot.com) for $1,247,000, comprised of $120,000 in cash, $380,000 in notes and payments, and transfer of liabilities. Also, the company retired 59 million shares of stock and reduced operating expenses.[6]
March 2022: Raised $230,000 which was used to consolidate multiple e-commerce platforms into one, www.patriotdepot.com with the goal of increasing distribution and shipping efficiency.[7]
ReelTime Media[edit]
May 2021: Sold Loudmouth Media to ReelTime Media for one million shares of ReelTime stock.[8]
LTV Streaming Assets[edit]
CBMJ acquired the assets of LTV Streaming Inc. in December, 2023 for 15,333,333 shares of stock with a total value of $2.3 million. The assets acquired include numerous shows that appeal to conservative and Christian viewers, such as ”The Underground with Lance Wallnau”, “Ark of Grace with Amanda Grace”.[9]
American Media Periscope[edit]
American Media Periscope (AMP News) was acquired in September, 2023 for $2,200,000. AMP News aims to present political, financial, education, and medical topics to "viewers to help them think limitlessly, and to arrive at their own conclusions".[10]
CBMJ Financials[edit]
Performance[edit]
For the year ending 12/31/2022 the company posted total revenue of $1.55 million and a net loss of $4.83 million. Cash was reported to be $56,000 and current liabilities were $831,000.[10]
For the year ending 12/31/2021 the company posted total revenue of $4.44 million and a net loss of $2.42 million. Cash was reported to be $75,000 and current liabilities were $1.09 million.[10]
Funding[edit]
The company received $1,000,000 in funding from four investors in Q1 2024. The transaction provided shares to the investors at prices ranging from $0.10 to $0.20.[11]
- ↑ Yahoo Finance. CBMJ Stock Profile. Retrieved on 8/30/2022.
- ↑ Flag & Cross. About Us. Read on 4/18/2023.
- ↑ Schaftlein Report. Home. Read on 4/18/2023.
- ↑ Schaftlein Report. About Mark Schaftlein. Read on 4/18/2023.
- ↑ GlobeNewswire. CBMJ Launches Patriot.TV Streaming Exclusive Content for Conservative Audiences. January 11, 2024.
- ↑ CBMJ Sells E-Commerce Business for $1,247,000 and Retires 59.76 Million Shares; Increases Profitability While Reducing Operating Expenses. 07/11/2022
- ↑ CBMJ Raises $230K for Internal Operations; Super Store Patriot Depot Consolidates Multiple E-Commerce Stores. 03/16/2022
- ↑ ReelTime Acquires 100% of LoudMouth Media from CBMJ – Expanding Scope and Distribution. 05/12/2021
- ↑ Globe Newswire. CBMJ Closes on $2.3M Asset Purchase Agreement of LTV Streaming Inc., Adding Reach, Reputation, and Revenues. January 3, 2024.
- ↑ 10.0 10.1 10.2 OTC Markets. CBMJ Stock Financials. Retrieved on 4/18/2023.
- ↑ Accesswire. CBMJ Receives 1.025 Million Dollars in Support of Patriot.TV, its’ Groundbreaking Media Broadcasting Platform. March 13, 2024.
