Salem Communications calls $52.5 million of 9% notes

Pittsburgh, June 7 - Salem Communications Holding Corp. will call $52.5 million of its outstanding 9% senior subordinated notes due July 2011.

The redemption will take place this month in two installments.

The company, a subsidiary of Salem Communications Corp., will report a one-time loss of $6.2 million from the early redemption.

Salem Communications Corp. is a Camarillo, Calif.-based U.S. radio broadcaster.

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