SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Paloma Partners Management Co's Holding History (CIK: 0001103882)

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

Q2 2018

Shares 56,599 Value ($000) $291 Avg Close $3.81 Range $3.10 - $5.80

Q4 2017

Shares 13,900 Value ($000) $63 Avg Close $5.36 Range $3.90 - $6.75

Q2 2015

Shares 16,800 Value ($000) $106 Avg Close $5.42 Range $4.38 - $6.75

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	56,599	$291	$3.81	$3.10 - $5.80
Q4 2017	13,900	$63	$5.36	$3.90 - $6.75
Q2 2015	16,800	$106	$5.42	$4.38 - $6.75