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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/1907">Cover</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1907">Document and Entity Information</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1908">Financial Statements</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1908">CONDENSED CONSOLIDATED BALANCE SHEETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1909">CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1910">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1911">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1912">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1913">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/1914">Notes to Financial Statements</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1914">BASIS OF PRESENTATION</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1915">IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1916">IMPAIRMENT OF LONG-LIVED ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1917">SIGNIFICANT TRANSACTIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1918">STOCK INCENTIVE PLAN</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1919">RECENT ACCOUNTING PRONOUNCEMENTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1920">EQUITY TRANSACTIONS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1921">NOTES PAYABLE AND LONG-TERM DEBT</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1922">DEFERRED FINANCING COSTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1923">AMORTIZABLE INTANGIBLE ASSETS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1924">BASIC AND DILUTED NET EARNINGS PER SHARE</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1925">DERIVATIVE INSTRUMENTS</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1926">FAIR VALUE ACCOUNTING</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1927">INCOME TAXES</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1928">COMMITMENTS AND CONTINGENCIES</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1929">SEGMENT DATA</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1930">SUBSEQUENT EVENTS</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1931">Accounting Policies</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1931">BASIS OF PRESENTATION (Policies)</a></li>
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                        <a class="menu-item " href="/sec-filings/quarterly-reports/xbrl_doc_only/1932">Notes Tables</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1932">IMPAIRMENT OF GOODWILL AND OTHER INDEFINITE-LIVED INTANGIBLE ASSETS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1933">SIGNIFICANT TRANSACTIONS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1934">STOCK INCENTIVE PLAN (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1935">NOTES PAYABLE AND LONG-TERM DEBT (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1936">DEFERRED FINANCING COSTS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1937">AMORTIZABLE INTANGIBLE ASSETS (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1938">FAIR VALUE ACCOUNTING (Tables)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1939">SEGMENT DATA (Tables)</a></li>
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                        <a class="menu-item current" href="/sec-filings/quarterly-reports/xbrl_doc_only/1940">Notes Details</a>
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                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1940">Basis of Presentation - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1941">Fair Value of Mastheads Calculated by Discounted Cash Flow Method (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1942">Impairment of Goodwill and Other Indefinite-Lived Intangible Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1943">Key Estimates and Assumptions Used for Valuations (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1944">Impairment of Long-Lived Assets - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1945">Significant Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1946">Business Acquisitions and Asset Purchases (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1947">Total Acquisition Consideration Allocated (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1948">Loss from Discontinued Operations (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1949">Stock Incentive Plan - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1950">Stock-Based Compensation Expense Recognized (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1951">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/1952">Stock Option Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1953">Information Regarding Restricted Stock (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1954">Equity Transactions - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1955">Notes Payable and Long-Term Debt - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1956">Change in Rate Based on Leverage Ratio (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1957">Change in Rate Based on Leverage Ratio (Parenthetical) (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1958">Repurchased and Redemptions of Nine and Five-Eighths Percent Notes (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1959">Long-Term Debt (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1960">Long-Term Debt (Parenthetical) (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1961">Principle Repayment Requirements Under Long Term Agreements Outstanding (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1962">Deferred Financing Costs - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1963">Deferred Financing Costs (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1964">Significant Classes of Amortizable Intangible Assets by Major Category (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1965">Amortizable Intangible Assets, Estimate Amortization Expense (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1966">Basic and Diluted Net Earnings Per Share - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1967">Derivative Instruments - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1968">Fair Value Accounting - Fair Value of Financial Assets Measured at Fair Value (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1969">Income Taxes - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1970">Commitments and Contingencies - Additional Information (Detail)</a></li>
                                                            <li><a href="/sec-filings/quarterly-reports/xbrl_doc_only/1971">Segment Data (Detail)</a></li>
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        <h4>Significant Transactions - Additional Information (Detail)</h4>
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