Salem Communications Schedules Second Quarter Earnings Release, Webcast and Teleconference

Salem Communications Corporation (Nasdaq: SALM - News), the leading radio broadcaster focused on religious and family themes programming, today announced that it will release second quarter 2004 financial results following market hours on Monday, August 2, 2004. The Company will also host a teleconference and webcast to discuss its results on August 2, 2004 at 5:00 p.m. Eastern Time.

To access the teleconference, please dial 973-582-2734 ten minutes prior to the start time. The teleconference will also be available live and via archived webcast on the investor relations portion of the Company's website.

If you are unable to listen to the live teleconference or webcast at its scheduled time, there will be a replay available through August 9, 2004 and can be accessed by dialing 973-341-3080, passcode 4996136 or on the Company's website.