Salem Media Group, Inc. Announces Quarterly Cash Distribution

CAMARILLO, Calif.–(BUSINESS WIRE)–Salem Media Group, Inc. (Nasdaq: SALM) announced today that its Board of
Directors has declared a cash distribution for the second quarter of
2019 in the amount of $0.065 per share. The cash distribution will be
paid on June 28, 2019 to all Class A and Class B common stockholders of
record as of June 14, 2019.

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ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing
in Christian and conservative content, with media properties comprising
radio, digital media and book and newsletter publishing. Each day Salem
serves a loyal and dedicated audience of listeners and readers numbering
in the millions nationally. With its unique programming focus, Salem
provides compelling content, fresh commentary and relevant information
from some of the most respected figures across the Christian and
conservative media landscape. Learn more about Salem Media Group, Inc.,
at www.salemmedia.com,
Facebook and Twitter (@SalemMediaGrp).

Contacts

Evan D. Masyr
Executive Vice President & Chief Financial Officer
(805)
384-4512
evan@SalemMedia.com

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