EXHIBIT 25.01 THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED PURSUANT TO RULE 901(d) OF REGULATION S-T ================================================================================ FORM T-1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) |__| ---------------------- THE BANK OF NEW YORK (Exact name of trustee as specified in its charter) New York 13-5160382 (State of incorporation (I.R.S. employer if not a U.S. national bank) identification no.) 48 Wall Street, New York, N.Y. 10286 (Address of principal executive offices) (Zip code) ---------------------- SALEM COMMUNICATIONS CORPORATION (Exact name of obligor as specified in its charter) California 77-0121400 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) Table of Additional Registrants ------------------------------- ATEP Radio, Inc. California 77-0132973 Beltway Media Partners Virginia 77-0293196 Bison Media, Inc. Colorado 77-0434654 Caron Broadcasting, Inc. Ohio 77-0439370 Common Ground Broadcasting, Inc. Oregon 93-1079989 Golden Gate Broadcasting Company, Inc. California 94-3082936 Inland Radio, Inc. California 77-0114987 Inspiration Media, Inc. Washington 77-0132974 Inspiration Media of Texas, Inc. Texas 75-2615876 New England Continental Media, Inc. Massachusetts 04-2625658 New Inspiration Broadcasting Company, Inc. California 95-3356921 Oasis Radio, Inc. California 77-0061780 Pennsylvania Media Associates, Inc. Pennsylvania 94-3134636 Radio 1210, Inc. California 77-0052616 Salem Communications Corporation Delaware 77-0363592 Salem Media Corporation New York 95-3482072 Salem Media of California, Inc. California 95-1581210 Salem Media of Colorado, Inc. Colorado 84-1239646 Salem Media of Louisiana, Inc. Louisiana 77-0114983 Salem Media of Ohio, Inc. Ohio 95-3690954 Salem Media of Oregon, Inc. Oregon 77-0114986 Salem Media of Pennsylvania, Inc. Pennsylvania 77-0237182 Salem Media of Texas, Inc. Texas 77-0379125 Salem Music Network, Inc. Texas 77-0434655 Salem Radio Network Incorporated Delaware 77-0305542 Salem Radio Representatives, Inc. Texas 77-0281576 South Texas Broadcasting, Inc. Texas 77-0388924 SRN News Network, Inc. Texas 77-0426090 Vista Broadcasting, Inc. California 77-0389639 4880 Santa Rosa Road Suite 300 Camarillo, California 93012 (Address of principal executive offices) (Zip code) ______________________ 9 1/2% Series B Senior Subordinated Notes due 2007 (Title of the indenture securities) ================================================================================ -2- 1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE: (a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO WHICH IT IS SUBJECT.
- ----------------------------------------------------------------------------------- Name Address - ----------------------------------------------------------------------------------- Superintendent of Banks of the State of 2 Rector Street, New York, New York N.Y. 10006, and Albany, N.Y. 12203 Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045 Federal Deposit Insurance Corporation Washington, D.C. 20429 New York Clearing House Association New York, New York 10005
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS. Yes. 2. AFFILIATIONS WITH OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION. None. 16. LIST OF EXHIBITS. EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION, ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO RULE 7A- 29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17 C.F.R. 229.10(d). 1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.) 4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.) 6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.) 7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. -3- SIGNATURE Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 5th day of December, 1997. THE BANK OF NEW YORK By: /s/ THOMAS E. TABOR ---------------------------- Name: THOMAS E. TABOR Title: ASSISTANT TREASURER -4- EXHIBIT 25.01 Consolidated Report of Condition of THE BANK OF NEW YORK of 48 Wall Street, New York, N.Y. 10286 And Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business June 30, 1997, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.