Lotus to Acquire KFBG in San Diego from Local Media

RADIO ONLINE | Wednesday, December 18, 2024

KFBG-FM in San Diego

Lotus Communications Corp. is set to acquire KFBG-FM (100.7 Big FM) in San Diego currently owned by Local Media San Diego (LMSD). An application for the transfer has been filed with the FCC, marking the beginning of a new chapter for the Adults Hits outlet at 100.7 MHz, which was once "B100" and later "Star 100.7." Financial terms of the deal were not immediately disclosed. The deal marks Lotus' re-entry into San Diego after previously owning 94.1 KFSD in the 1990s.

Local Media San Diego, under the leadership of Gregg Wolfson and Norm McKee, has been a staple in the local media landscape, owning a total of four stations in the area. The decision to sell KFBG-FM comes as part of a strategic realignment of LMSD's assets. It will continue to operate its three stations licensed in Mexico including CHR XHITZ-FM (Z90.3), Alternative XETRA-FM (91X) and Rhythmic AC XHRM-FM (Magic 92.5).

On the buying end, Lotus Communications Corp., led by Howard Kalmenson and Jim Kalmenson, is expanding its already substantial footprint in the U.S. With 46 stations across Arizona, California, Idaho, Nevada and Washington, the addition of KFBG-FM will bolster its presence in Southern California.

KFBG-FM is known for its 26 kW signal strength and a height above average terrain (HAAT) of 686 feet, putting a city grade signal as far north a Oceanside and south to Chula Vista.

The transaction is being brokered by KALIL & CO., INC.