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Salem Inks CEO Atsinger to 3-Year Contract Extension

Salem Communications co-founder and CEO Ed Atsinger inks a three-year contract extension that will keep him with the Christian radio broadcaster through June, 2010. According to a filing with the SEC, the agreement, which takes effect July 1, provides for an annual salary of $855,000 for the first year, $875,000 in year two and $900,000 in year three. Merit bonuses will be determined by the company's board. (06-08-10)

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