SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED        AVERAGE
DATE            SOLD(-)             PRICE(2)
COMMON STOCK-SALEM COMMUNICATIONS
GABELLI SECURITIES, INC.
10/01/07            1,000             8.7439
8/24/07              500-           10.1200
GAMCO ASSET MANAGEMENT INC.
10/03/07           20,200             8.4680
10/03/07           20,200             8.4680
10/03/07            6,545             8.0500
10/02/07            1,400             8.1000
10/02/07            1,400             8.6000
10/02/07            1,400             8.1000
10/01/07            1,400             8.0959
10/01/07            1,400             8.0959
9/27/07            2,000-            8.1300
9/27/07            2,000             8.1300
9/27/07            2,000             8.1300
9/27/07            2,000             8.1400
9/24/07              600-            8.4883
9/11/07              200-            9.1301
9/10/07            2,018             9.7999
9/07/07            1,595             9.7956
9/06/07            5,500             9.7989
9/06/07            5,000            10.0500
9/05/07            3,400-           10.4044
9/05/07              200-           10.3100
9/04/07            7,000-           10.2523
9/04/07            7,000-           10.2523
8/31/07            1,000-           10.2700
8/24/07              887             9.7944
8/23/07            1,600-            9.4413
8/22/07            1,400-            9.4400
8/21/07            1,000-            9.0700
8/20/07            1,000-            9.1027
8/13/07            2,500             8.6624
8/13/07            2,500             8.6624
8/13/07            1,000             8.7596
8/13/07            1,000             8.5960
8/13/07            1,000-            8.6555
8/13/07            1,000-            8.7596
8/13/07            2,500-            8.6832
8/13/07            1,000             8.6555
8/13/07              500-            8.6555
8/09/07            2,500             7.6800
8/09/07            2,500             7.6800
8/09/07           39,500             7.7165
8/09/07           39,500             7.7165
8/09/07            3,000             7.7425
8/09/07           39,500-            7.7165
GABELLI ADVISERS, INC.
9/26/07            2,000-            8.0751
9/25/07            1,000-            8.3006
GABELLI FUNDS, LLC.
GABELLI SMALL CAP GROWTH FUND
10/09/07            8,800             8.3377
10/08/07            1,200             8.3500
9/25/07            5,000-            8.3006
9/24/07            5,000-            8.4367
8/09/07            9,900             7.8230
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NASDAQ STOCK MARKET.
(2) PRICE EXCLUDES COMMISSION.