[Bond & Pecaro, Inc. letterhead]


March 9, 2016


VIA E-MAIL: evanm@salem.cc


Mr. Evan D. Masyr

Senior Vice President and Chief Financial Officer

Salem Media Group, Inc.

4880 Santa Rosa Road #300

Camarillo, CA 93012


Dear Mr. Masyr:


Bond & Pecaro, Inc. hereby grants permission to Salem Media Group, Inc. to use the Bond & Pecaro, Inc. name and data from our work product as of December 31, 2015 in public filings with the Securities and Exchange Commission.


I hope that this letter is responsive to your needs at this time. Please do not hesitate to let us know if you need anything additional.


  /s/ Timothy S. Pecaro
  Timothy S. Pecaro




cc.Jim Brown