Salem Communications to Sell WCCD -1000 AM- in Cleveland

Wednesday, April 20, 2005 2:56 pm PDT
CAMARILLO, Calif.--(BUSINESS WIRE)--April 20, 2005--Salem Communications Corporation (Nasdaq:SALM), the leading radio broadcaster focused on Christian and family-themed programming, announced that it has agreed to sell WCCD (1000 AM), Parma, Ohio, (Cleveland market) to New Spirit Revival Center Ministries, Inc., for $2.1 million.

Salem owns and operates five radio stations serving the Cleveland area including News Talk WHK (1420 AM) , Sports Talk WKNR (850 AM), The Fish(R) WFHM (95.5 FM), and Christian Teaching and Talk stations WHKW (1220 AM), and WHKZ (1440 AM), which serves Warren, Ohio. Errol Dengler is vice president and market manager for the Cleveland cluster of radio stations.

Salem Communications Corporation (Nasdaq:SALM), headquartered in Camarillo, Calif., is the leading U.S. radio broadcaster focused on Christian and family-themed programming. Upon the close of all announced transactions, the company will own 105 radio stations, including 67 stations in 24 of the top 25 markets. In addition to its radio properties, Salem owns Salem Radio Network(R), which syndicates talk, news and music programming to approximately 1,900 affiliates; Salem Radio Representatives(TM), a national radio advertising sales force; Salem Web Network(TM), a leading Internet provider of Christian content and online streaming; and Salem Publishing(TM), a leading publisher of Christian themed magazines. Additional information about Salem may be accessed at the company's website,

Forward-Looking Statements

Statements used in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties, including but not limited to the ability of Salem to close and integrate announced transactions, market acceptance of Salem's radio station formats, competition from new technologies, adverse economic conditions, and other risks and uncertainties detailed from time to time in Salem's reports on Forms 10-K, 10-Q, 8-K and other filings filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Salem undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Salem Communications Corporation
Denise Davis, 805-384-4508