] CAMARILLO, Calif.--(BUSINESS WIRE)--May 5, 2003--Salem
] Communications Corporation (Nasdaq:SALM), the leading
] radio broadcaster focused on religious and family themes
] programming, announced today the acquisition of two radio
] AM stations.
]
] The Company will be acquiring WAMG-AM in Boston,
] Massachusetts, from Mega Communications for approximately
] $8.6 million.
]
] Edward G. Atsinger III, President and CEO, commented,
] "It is increasingly difficult to find quality radio
] properties at appropriate prices in the large markets,
] specifically the top 10. WAMG-AM has a good quality day
] and night signal and will allow us to launch our
] conservative news/talk format in the Boston market, as
] part of an integrated three-station cluster."
]
] Salem Communications will also be acquiring KKCS-AM
] in Colorado Springs, Colorado, from Walton Stations -
] Colorado, Inc. for approximately $1.5 million. The
] station will be part of a three-station cluster and will
] broadcast a conservative news/talk format