Four down, two to go; Salem Communications (SALM) completes part of station exchange with Univision (UVN)

Apr. 7.05 | About: Salem Media (SALM)

Salem Communications (ticker: SALM) completed part of its previously announced radio station exchange with Univision (ticker: UVN).  The rest of the exchange is pending.  Details below:

SALM exchanged WPPN 106.7 FM (Chicago) for WIND 560 AM (Chicago), KKHT 100.7 FM (Houston), and KNIT 1480 AM (Dallas).  Here's what SALM's SEC filing had to say about the remaining exchange:

The completion of the exchange of two additional radio
stations...remains pending. These two additional stations, KSFS-FM
(94.3 FM)(formerly KOSL-FM), serving Sacramento, CA and currently owned
by Univision, and KVVZ-FM (100.7 FM)(formerly KSFB-FM), serving San
Francisco, CA and currently owned by Salem, are operated by the
acquiring entity pursuant to local marketing agreements. It is
anticipated that the exchange of these radio stations will be completed
during the second quarter of 2005.