STATEMENT OF ELIGIBILITY OF TRUSTEE
Published on January 29, 1998
EXHIBIT 25.01
THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED
PURSUANT TO RULE 901(d) OF REGULATION S-T
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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) |__|
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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)
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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
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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)
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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.
(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.
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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
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Name: THOMAS E. TABOR
Title: ASSISTANT TREASURER
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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.