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 7, 2007
SALEM
COMMUNICATIONS CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
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Delaware
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000-26497
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77-0121400
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4880
Santa Rosa Road, Camarillo, California
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93012
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (805) 987-0400
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ]Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE
OF CONTENTS
SIGNATURE
EXHIBIT
INDEX
Exhibit
16.1 LETTER FROM ERNST & YOUNG LLP
ITEM 4.01
CHANGES
IN REGISTRANT’S CERTIFYING ACCOUNTANT
On
June 7, 2007, the Audit Committee
(the “Committee”) of Salem Communications Corporation (“Salem”) dismissed Ernst
& Young LLP (“E&Y”) as Salem’s independent registered public accounting
firm and appointed Singer Lewak Greenbaum & Goldstein LLP (“SLGG”) as
Salem’s new independent registered public accounting firm for the fiscal year
ending December 31, 2007.
This
change in accounting firms did not
result from any dissatisfaction of the Committee or Salem with the quality
or
delivery of professional services rendered by E&Y. The decision
to replace E&Y with SLGG as Salem’s independent registered public accounting
firm was made by the Committee.
The
reports of E&Y on Salem’s
financial statements for the past two fiscal years did not contain an adverse
opinion or disclaimer of opinion, nor were such reports qualified or modified
as
to uncertainty, audit scope or accounting principles.
In
connection with the audits of
Salem’s financial statements for each of the two fiscal years ended December 31,
2006 and December 31, 2005, and in the subsequent interim period through June
7,
2007, there were no disagreements with E&Y on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope
and
procedures which, if not resolved to the satisfaction of E&Y, would have
caused E&Y to make reference to the matter in their
report. Salem has requested E&Y to furnish a letter to the
Securities and Exchange Commission stating whether it agrees to the above
statements. A copy of that letter, dated June 7, 2007, is filed as
Exhibit 16.1 to this Form 8-K.
During
the years ended
December 31, 2006 and December 31, 2005, respectively, and through June 7,
2007, neither the Committee, Salem, nor anyone acting on behalf of the Committee
or Salem, consulted SLGG regarding any of the matters described in
Item 304(a)(2)(i) and (ii) of Regulation S-K.
Item 9.01
FINANCIAL
STATEMENTS AND EXHIBITS
(d) Exhibits.
The following exhibit is furnished with this report on Form 8-K:
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Exhibit
No.
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Description
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16.1
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Letter
from Ernst & Young LLP to the United States Securities and Exchange
Commission dated June 7, 2007.
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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 thereunto
duly authorized.
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SALEM
COMMUNICATIONS CORPORATION
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Date:
June 12, 2007
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By:
/s/ EVAN D. MASYR
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Evan
D. Masyr
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Vice
President - Accounting and Finance
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Exhibit
No.
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Description
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16.1
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Letter
from Ernst & Young LLP to the United States Securities and Exchange
Commission dated June 7, 2007.
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Exhibit
16.1
June
7,
2007
Securities
and Exchange Commission
100
F
Street, N.E.
Washington,
DC 20549
We
have
read Item 4.01 of Form 8-K dated June 7, 2007, of Salem Communications
Corporation and are in agreement with the statements contained in the third
and
fourth paragraphs therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
/s/
Ernst & Young LLP