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Lotus Communications Acquires Four Seattle Stations


Lotus Communications
Lotus Communications

Lotus Communications has closed on the acquisition of Sinclair Broadcast Group Inc's radio stations in the Seattle, WA metropolitan area. The deal includes KOMO (News Radio 1000 AM & 97.7 FM), Hot AC KPLZ (Star 101.5 FM) and Talk Radio KVI (570 AM).

Lotus First Senior VP Jim Kalmenson commented, "Today begins an exciting era as we begin working with the amazing staff at these heritage radio stations KOMO, KPLZ, and KVI. These are legendary stations which share Lotus's vision of producing local programming to serve the community and support our hometown 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.

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