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Salem Communications Corp. to Buy Nebraska Radio Station

Camarillo-based, Salem Communications Corporation, has announced that it will acquire KCRO-AM (660 AM) in Omaha, Nebraska, from Eternal Broadcasting, LLC, for a purchase price of $3.1 million. The transaction is anticipated to be completed in the second quarter of 2005. KCRO-AM General Manager Johnny Andrews will serve as market manager for Salem in Omaha. Salem is a radio broadcasting company focused on Christian and family themes programming. Upon the close of all announced transactions, the company will own 104 radio stations, including 67 stations in 24 of the largest 25 markets. 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.

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