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Salem Communications Launches KGBI-FM 100.7 as Contemporary Christian Music Station


WEBWIRE

OMAHA, NE -- Jan. 28, 2005 -- Salem Communications Corporation (Nasdaq:SALM), the leading radio broadcaster focused on Christian and family-themed programming, today announced that it will launch and operate KGBI-FM as a contemporary Christian music station, Salem’s popular FISH(R) format, on January 31, 2005. Salem previously said it would acquire the station from Grace University, Omaha, NE, on October 22, 2004.

Joe D. Davis, executive vice president of Radio, comments, “The ratings performance and reputation of KGBI-FM already have set a high standard. Its strong Christian heritage is a firm foundation for the quality programming that Salem Communications listeners have come to expect. We promise no less to the loyal listeners of Omaha.”

Salem Communications Corporation, headquartered in Camarillo, is the leading U.S. radio broadcaster focused on Christian and family-themed programming. Upon the close of all announced acquisitions, the company will own 104 radio stations, including 67 stations in 24 of the top 25 markets, mainly comprising three primary formats: Christian Talk and Teaching; News Talk; and Contemporary Christian Music. In addition to its radio properties, Salem owns Salem Radio Network, which syndicates talk, news and music programming to over 1,900 affiliated radio stations; Salem Radio Representatives, a national sales force; Salem Web Network, the leading Internet provider of Christian content and online streaming; and Salem Publishing, a leading publisher of Christian-themed magazines. For more information, visit Salem Communications’ web site at www.salem.cc.

Forward-Looking Statements

Statements used in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties, including, but not limited to, the ability of Salem to close and integrate announced transactions; market acceptance of recently launched music formats; competition in the radio broadcast, Internet and publishing industries and from new technologies; adverse economic conditions; and other risks and uncertainties detailed from time to time in Salem’s periodic reports on Forms 10-K, 10-Q, 8-K and other filings filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Salem undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.



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