Exhibit 23.2
 | James R. Bond, Jr. Timothy S. Pecaro John S. Sanders Jeffrey P. Anderson | Andrew R. Gefen Matthew H. Lochte Benjamin K. Steinbock | Michael P. Garvey Colleen E.thombs Andrew D. Bolton Gina C. Gatti |
Consent of Bond & Pecaro, Inc.
We hereby consent to the inclusion of our name and the description of our valuation work product contained in the Form 10-K for the fiscal year ended December 31, 2015 filed by Salem Media Group, Inc. (the “Company”), which has been incorporated by reference in the registration statement on Form S-3 filed by the Company.
| Bond & Pecaro, Inc. | |
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August 4, 2016
Washington, D.C.
| 1990 M Street, N.W., Suite 400 • Washington, D.C. 20036 • (202) 775-8870 • Fax (202) 775-0175 | |
| WWW.BONDPECARO.COM | E-MAIL: BP@BONDPECARO.COM |