Lotus Acquires Four Seattle Stations for $18 Million

Lotus Communications

Lotus Communications has entered into an agreement with Sinclair Broadcast Group Inc.'s wholly-owned subsidiary, Sinclair Television Group Inc., to acquire Sinclair's radio stations in the Seattle, WA metropolitan area for approximately $18 million in cash and other consideration. The deal includes KOMO (1000 & 97.7), KPLZ (Star 101.5) and Talk KVI-AM (570).

Lotus First SVP Jim Kalmenson commented, "We are excited to work with the amazing staff at KOMO, KPLZ, and KVI. These are legendary stations which share Lotus's vision of producing local programming to serve the community, enhance local neighborhoods, and support our home town businesses. Seattle is home to several excellent broadcasting companies who have made this a great radio market."

Richard A. Foreman Associates initiated the transaction and acted as broker representing Sinclair Broadcast Group.

Latest Radio Stories

Cumulus, Zimmer Urge FCC to End Radio Ownership Caps

Cumulus Media and Zimmer Radio

Cumulus Media and Zimmer Radio of Mid-Missouri are urging the Federal Communications Commission to eliminate its local radio ownership limits, arguing in separate ex parte meetings that rules unchanged since 1996 no longer reflect today's competitive audio and advertising marketplace. The filings come as More

FCC Seeks Comment on Political Ad Rate Challenge

Federal Communications Commission (FCC)

The Federal Communications Commission (FCC) is seeking comment on an application asking the agency to overturn Media Bureau guidance concerning which political advertisers are entitled to broadcasters' lowest unit charge rates. The challenge was filed by Democratic candidates Sherrod Brown, Jon Ossoff, More

Gemini XIII Adds Kelly Parker, Yea Podcast Slate

Kelly Parker

Gemini XIII is expanding its audio sales operation with the addition of veteran media executive Kelly Parker as Senior Vice President of Sales. Parker joins the company from Yea Networks. As part of the move, Gemini XIII will become the exclusive advertising sales representative for Yea Networks' podcast More

Tracy Walker Named 2026 MIW Speak Up! Mentee

Tracy Walker

Mentoring and Inspiring Women in Radio (MIW) has named Tracy Walker, General Sales Manager for Connoisseur Media in Saginaw, MI, as the 2026 mentee for its Speak Up! Mentorship Program. Developed in partnership with Media Staffing Network and the late Laurie Kahn, Speak Up! is a year-long program for More

RAB Launches Audio Marketing Certification Program

Radio Advertising Bureau (RAB)

RAB has launched Audio Marketing Professional (AMP), a new professional education and certification program designed to help marketers, agency professionals, media planners and buyers better understand and use radio and audio advertising. The self-paced program provides training on planning, buying, More

SiriusXM Puts SXM-11 Satellite Into Service

SiriusXM

SiriusXM has placed its new SXM-11 satellite into operational service following the completion of in-orbit testing and handover by Intuitive Machines. SXM-11 is the most powerful satellite in SiriusXM's high-powered fleet and is designed to improve signal reception, expand coverage More

Return to Menu

Lotus Acquires Four Seattle Stations for $18 Million

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ^®

Lotus Acquires Four Seattle Stations for $18 Million

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ®

Copyright © 1989-2026 RADIO ONLINE ^®