SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

ZACKS INVESTMENT MANAGEMENT's Holding History (CIK: 0001086483)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 83,283 Value ($000) $620 Avg Close $6.82 Range $6.00 - $7.75

Q4 2016

Shares 75,383 Value ($000) $471 Avg Close $5.93 Range $5.00 - $6.64

Q3 2016

Shares 118,747 Value ($000) $698 Avg Close $6.76 Range $5.68 - $8.10

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	83,283	$620	$6.82	$6.00 - $7.75
Q4 2016	75,383	$471	$5.93	$5.00 - $6.64
Q3 2016	118,747	$698	$6.76	$5.68 - $8.10