Salem Media (SALM) 8-K Salem Communications Prices Offering of $150 Million of Senior Subordinated Notes

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 22, 2001

SALEM COMMUNICATIONS CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction
of Incorporation) 000-26497
(Commission
File Number) 77-0121400
(IRS Employer
Identification No.)

4880 Santa Rosa Road, Suite 300,
Camarillo, California
(Address of Principal Executive Offices) 93012
(Zip Code)

Registrant’s telephone number, including area code: (805) 987-0400

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

	ITEM 5. OTHER EVENTS.
	ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
SIGNATURE
EXHIBIT INDEX
Exhibit 99.1

ITEM 5. OTHER EVENTS.

      On June 22, 2001, Salem Communications Corporation (the “Company”) announced the terms of the proposed offering by its wholly-owned subsidiary, Salem Communications Holding Corporation, of $150 million of 9% senior subordinated notes due 2011. A copy of the related press release is attached hereto as Exhibit 99.1.

ITEM 7.	FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c)	Exhibits. The following exhibit is filed with this report on Form 8-K:

Exhibit No.	Description
99.1	June 22, 2001 press release of the Company.

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SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SALEM COMMUNICATIONS CORPORATION

Date: June 22, 2001 By: /s/   Jonathan L. BlockJonathan L. Block
Vice President, General Counsel
and Secretary

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EXHIBIT INDEX

EXHIBIT
NUMBER	DESCRIPTION
99.1	June 22, 2001 press release of the Company.

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