Salem Media Group, Inc., formerly Salem Communications Corporation, is a diversified multi-media company with integrated business operations covering radio broadcasting, content programming, Internet portals and websites and book and magazine publishing. Salem’s core business is the ownership and operation of radio stations in metropolitan markets. Upon the close of all announced transactions, the Company will own and/or operate a national portfolio of 105 radio stations throughout the United States. It also programs the Family Talk Christian-themed talk format station on SiriusXM Channel 131. Its broadcast business also includes Salem Radio Network (SRN), a wholly owned national radio network syndicating music, news and talk programs to over approximately 2,400 affiliated radio stations. It also owns and operates Salem Media Representatives (SMR), SRN News Network (SNN), Salem Music Network (SMN), Solid Gospel Network (SGN) and Vista Media Representatives (VMR).