Item 4.01
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Changes in Registrants Certifying Accountant
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(a) Dismissal of Independent Registered Public Accounting Firm
On May 6, 2021, Salem Media Group, Inc. (Salem or the Company), upon the approval of the Audit Committee of Salems Board of
Directors (the Audit Committee), dismissed Crowe LLP (Crowe) as its independent registered public accounting firm effective as of that date.
The reports of Crowe on Salems consolidated financial statements for the two fiscal years ended December 31, 2020 and December 31, 2019 did
not contain an adverse opinion or a disclaimer of opinion, and they were not qualified or modified as to uncertainty, audit scope, or accounting principle, other than an explanatory paragraph regarding the adoption of Accounting Standards
Codification No. 842 Leases included in the opinion for the fiscal year ended December 31, 2019. During the fiscal years ended December 31, 2020 and December 31, 2019 and the subsequent interim period through May 6, 2021,
there were (a) no disagreements (as that term is described in Item 304(a)(1)(iv) of Regulation S-K) with Crowe on any matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Crowe, would have caused Crowe to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements for such
years, and (b) no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
Salem has provided
Crowe with a copy of the foregoing disclosures and has requested that Crowe furnish Salem with a letter addressed to the Securities and Exchange Commission (the SEC) stating whether or not it agrees with the statements made herein. A
copy of Crowes letter to the SEC is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b)
Engagement of New Independent Registered Public Accounting Firm
On May 6, 2021, the Audit Committee appointed Moss Adams LLP (Moss
Adams) to serve as Salems independent registered public accounting firm for Salems fiscal year ending December 31, 2021. During the fiscal years ended December 31, 2020 and December 31, 2019 and the subsequent
interim period through May 6, 2021, neither Salem nor anyone on its behalf consulted with Moss Adams regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.