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<title>Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)</title>
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    <h3>Quarterly report pursuant to Section 13 or 15(d)</h3>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1848">Cover</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1848">Document and Entity Information</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1849">Financial Statements</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1849">CONDENSED CONSOLIDATED BALANCE SHEETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1850">CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1851">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1852">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1853">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1854">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1855">Notes to Financial Statements</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1855">BASIS OF PRESENTATION</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1856">IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1857">IMPAIRMENT OF LONG-LIVED ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1858">SIGNIFICANT TRANSACTIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1859">STOCK INCENTIVE PLAN</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1860">RECENT ACCOUNTING PRONOUNCEMENTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1861">EQUITY TRANSACTIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1862">NOTES PAYABLE AND LONG-TERM DEBT</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1863">DEFERRED FINANCING COSTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1864">AMORTIZABLE INTANGIBLE ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1865">BASIC AND DILUTED NET EARNINGS PER SHARE</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1866">DERIVATIVE INSTRUMENTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1867">FAIR VALUE ACCOUNTING</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1868">INCOME TAXES</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1869">COMMITMENTS AND CONTINGENCIES</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1870">SEGMENT DATA</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1871">SUBSEQUENT EVENTS</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1872">Accounting Policies</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1872">BASIS OF PRESENTATION (Policies)</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1873">Notes Tables</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1873">SIGNIFICANT TRANSACTIONS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1874">STOCK INCENTIVE PLAN (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1875">NOTES PAYABLE AND LONG-TERM DEBT (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1876">DEFERRED FINANCING COSTS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1877">AMORTIZABLE INTANGIBLE ASSETS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1878">SEGMENT DATA (Tables)</a></li>
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                        <a class="menu-item current" href="/sec-filings/quarterly-reports/xbrl_doc_only/1879">Notes Details</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1879">Basis of Presentation - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1880">Impairment of Goodwill and Other Indefinite-Lived Intangible Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1881">Significant Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1882">Business Acquisitions and Asset Purchases (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1883">Total Acquisition Consideration Allocated (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1884">Loss from Discontinued Operations (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1885">Stock Option Plan - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1886">Stock-Based Compensation Expense Recognized (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1887">Weighted-Average Assumptions used to Estimate Fair Value of Stock Options and Restricted Stock Awards using Black-Scholes Valuation Model (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1888">Stock Option Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1889">Information Regarding Restricted Stock (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1890">Equity Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1891">Notes Payable and Long-Term Debt - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1892">Change in Rate Based on Leverage Ratio (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1893">Change in Rate Based on Leverage Ratio (Parenthetical) (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1894">Repurchased and Redemptions of Nine and Five-Eighths Percent Notes (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1895">Long-Term Debt (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1896">Long-Term Debt (Parenthetical) (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1897">Principle Repayment Requirements Under Long Term Agreements Outstanding (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1898">Deferred Financing Costs - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1899">Deferred Financing Costs (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1900">Significant Classes of Amortizable Intangible Assets by Major Category (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1901">Amortizable Intangible Assets, Estimate Amortization Expense (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1902">Basic and Diluted Net Earnings Per Share - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1903">Derivative Instruments - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1904">Income Taxes - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1905">Commitments and Contingencies - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1906">Segment Data (Detail)</a></li>
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        <h4>Repurchased and Redemptions of Nine and Five-Eighths Percent Notes (Detail)</h4>
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