Salem Media (SALM) 10-Q2011 Q3 Quarterly report

Filed: 4 Nov 11, 12:00am

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New words: appeal, auction, avoided, challenging, conceptual, conducted, construct, constructed, construction, country, enhance, external, Gospel, health, high, history, inflation, inventory, larger, leasehold, line, location, medical, open, past, quality, rental, Repair, SGN, simplify, sixty, Solid, stage, stop, straight, sublease, training, undiscounted, unpredictable

Removed: infomercial, RSN

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EXHIBIT 23.3

[Bond & Pecaro, Inc. letterhead]

September 30, 2011

VIA E-MAIL:evanm@salem.cc

Mr. Evan D. Masyr

Senior Vice President and Chief Financial Officer

Salem Communications Corp.

4880 Santa Rosa Road #300

Camarillo, CA 93012

Dear Mr. Masyr:

Bond & Pecaro, Inc. hereby grants permission to Salem Communications Corp. to use the Bond & Pecaro, Inc. name and data from our work product as of September 30, 2011 in public filings with the Securities and Exchange Commission.

I hope that this letter is responsive to your needs at this time. Please do not hesitate to let us know if you need anything additional.

Sincerely,

/s/ Timothy S. Pecaro

Timothy S. Pecaro

cc. Jim Brown

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