Salem Media Group, Inc. Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2013

The table below presents the fair value measurements used to value this asset.


			Fair Value Measurements Using:
			(Dollars in thousands)
Description	As of December 31, 2013		Quoted prices in active markets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)		Total Gains (Losses)
Long-Lived Asset Held for Sale	$	1,700			$	1,700	$	6,808

Property, plant and equipment consisted of the following:


	As of December 31,
	2012			2013
	(Dollars in thousands)
Land	$	28,846		$	29,748
Buildings		24,663			24,695
Office furnishings and equipment		37,935			38,794
Antennae, towers and transmitting equipment		74,897			76,454
Studio and production equipment		29,234			29,819
Computer software and website development costs		18,859			21,653
Record and tape libraries		65			65
Automobiles		1,107			1,139
Leasehold improvements		16,721			17,414
Construction-in-progress		2,963			4,362

	$	235,290		$	244,143
Less accumulated depreciation		(135,823	)		(145,215	)

	$	99,467		$	98,928

Property Plant and Equipment

The table below presents the fair value measurements used to value this asset.


			Fair Value Measurements Using:
			(Dollars in thousands)
Description	As of December 31, 2013		Quoted prices in active markets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)		Total Gains (Losses)
Long-Lived Asset Held for Sale	$	1,700			$	1,700	$	6,808