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<title>Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)</title>
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    <h3>Quarterly report pursuant to Section 13 or 15(d)</h3>
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                        <a class="menu-item " href="/all-sec-filings/xbrl_doc_only/2725">Financial Statements</a>
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                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2726">CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</a></li>
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                        <a class="menu-item " href="/all-sec-filings/xbrl_doc_only/2731">Notes to Financial Statements</a>
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                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2732">Summary of Significant Accounting Policies</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2733">Recent Transactions</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2734">Contingent Earn-Out Consideration</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2735">Revenue Recognition</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2736">Inventories</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2737">Property and Equipment</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2738">Operating and Finance Lease Right-of-Use Assets</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2739">Broadcast Licenses</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2740">Goodwill</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2741">Other Indefinite-Lived Intangible Assets</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2742">Amortizable Intangible Assets</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2743">Long-Term Debt</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2744">Fair Value Measurements and Disclosures</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2745">Income Taxes</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2746">Commitments and Contingencies</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2747">Stock Incentive Plan</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2748">Equity Transactions</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2749">Segment Data</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2750">Subsequent Events</a></li>
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                        <a class="menu-item " href="/all-sec-filings/xbrl_doc_only/2752">Notes Tables</a>
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                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2753">Inventories (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2754">Property and Equipment (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2755">Operating and Finance Lease Right-of-Use Assets (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2756">Broadcast Licenses (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2757">Goodwill (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2758">Other Indefinite-Lived Intangible Assets (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2759">Amortizable Intangible Assets (Tables)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2760">Long-Term Debt (Tables)</a></li>
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                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2764">Segment Data (Tables)</a></li>
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                        <a class="menu-item current" href="/all-sec-filings/xbrl_doc_only/2765">Notes Details</a>
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                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2765">Basis of Presentation - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2766">Recent Transactions - Debt Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2767">Recent Transactions - Equity Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2768">Recent Transactions - Divestitures - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2769">Recent Transactions - Pending Transactions -Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2770">Contingent Earn-Out Consideration - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2771">Revenue Recognition - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2772">Revenue Recognition - Trade and Barter Transactions Expenses (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2773">Revenue Recognition - Significant Changes in Our Contract Liabilities (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2774">Revenue Recognition - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2775">Revenue Recognition - Reconciliation of Revenue from Segments to Consolidated (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2776">Inventories - Schedule of Inventory on Hand by Segment (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2777">Property and Equipment - Summary of Categories of Property and Equipment (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2778">Property and Equipment - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2779">Operating and Finance Lease Right-of-Use Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2780">Operating and Finance Lease Right-of-Use Assets - Supplemental Balance Sheet Information Related to Leases (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2781">Operating and Finance Lease Right-of-Use Assets - Components of Lease Expense (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2782">Operating and Finance Lease Right-of-Use Assets - Schedule of Impact to Financial Statements of the Adoption of ASU 842 (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2783">Operating and Finance Lease Right-of-Use Assets - Summary of Future Lease Payments (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2784">Broadcast Licenses - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2785">Broadcast Licenses - Fair Value Measurement Inputs and Valuation Techniques for Broadcast Licenses (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2786">Broadcast Licenses - Results of Impairment Testing of Broadcast Licenses Under Income Approach (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2787">Broadcast Licenses - Schedule of Changes in Broadcasting Licenses (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2788">Goodwill - Fair Value Measurement Inputs and Valuation Techniques For Goodwill (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2789">Goodwill - Schedule of Changes in Goodwill (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2790">Goodwill - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2791">Other Indefinite-Lived Intangible Assets - Fair Value Measurement Inputs and Valuation Techniques For Mastheads (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2792">Other Indefinite-Lived Intangible Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2793">Amortizable Intangible Assets - Summary of Significant Classes of Amortizable Intangible Assets (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2794">Amortizable Intangible Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2795">Amortizable Intangible Assets - Amortizable Intangible Assets, Estimate Amortization Expense (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2796">Long-Term Debt - 6.75% Senior Secured Notes - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2797">Long - term Debt - Summary of Repurchase of Senior Secured Note (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2798">Long-Term Debt - Asset-Based Revolving Credit Facility - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2799">Long-Term Debt - Long-Term Debt (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2800">Long-Term Debt - Long-Term Debt (Parenthetical) (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2801">Long-Term Debt - Summary of Long-term Debt Obligations - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2802">Long-Term Debt - Principle Repayment Requirements Under Long Term Agreements Outstanding (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2803">Fair Value Measurements and Disclosures - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2804">Fair Value Measurements and Disclosures - Summary of Fair Value of Financial Assets and Liabilities (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2805">Income Taxes - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2806">Stock Incentive Plan - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2807">Stock Incentive Plan - Schedule of Stock-Based Compensation Expense Recognized (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2808">Stock Incentive Plan - Schedule of Weighted-Average Assumptions Used to Estimate Fair Value of Stock Options and Restricted Stock Awards using Black-Scholes Option Valuation Model (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2809">Stock Incentive Plan - Schedule of Stock Option Activity (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2810">Stock Incentive Plan - Schedule of Information Regarding Restricted Stock Activity (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2811">Equity Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2812">Equity Transactions - Schedule of Cash Distributions Declared and Paid (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2813">Segment Data - Additional Information (Detail)</a></li>
                                                            <li><a href="/all-sec-filings/xbrl_doc_only/2814">Segment Data - Schedule of Segment Data (Detail)</a></li>
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        <h4>Property and Equipment - Summary of Categories of Property and Equipment (Detail)</h4>
        11a
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