Company Profile for Salem Communications

Salem Communications, headquartered in Camarillo, California, is the leading U.S. radio broadcaster focused on religious- and family-themed programming. Upon the close of all announced transactions, the company will own and operate 92 radio stations, in 36 radio markets, including 58 stations in the top 25 markets. In addition to its radio properties, Salem owns the Salem Radio Network, which syndicates talk, news and music programming to approximately 1,600 affiliated radio stations throughout the United States; Salem Radio Representatives, a national sales force; Salem Web Network, leading Internet providers of Christian focused content; and Salem Publishing, a leading producer of Christian magazines.

    Company:                Salem Communications     Headquarters Address:   4880 Santa Rosa Rd.                            Camarillo, California 93012     Main Telephone:         805 987-0400     Website:                www.Salem.cc     Ticker:                 SALM(NASDAQ)     Type of Organization:   Public     Industry:               Entertainment: TV and Radio     Earnings Release Dates: 1st Quarter: March 5, 2003                            2nd Quarter: May 5, 2003                            3rd Quarter: August 5, 2003     Key Executives:         CEO: Edward Atsinger                            Chairman: Stuart Epperson                            CFO: David Evans     Investor Relations      Contact:              Amanda Strong-Larson      Phone:                805 987-0400      Email:                amandas@salem.cc 

Released August 29, 2003