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Lotus Closes on KFWB-AM/Los Angeles for $11.2M


Lotus Communications Corp. has closed on its previously announced acquisition of 5kW KFWB-AM (980)/Los Angeles from Universal Media Access KFWB-AM LLC for $11.2 million. Lotus is a California-based company headed by President/CEO Howard Kalmenson, and First Senior VP Jim Kalmenson, while UMA is a Delaware LLC company. Lotus also owns radio stations in Los Angeles, Las Vegas, Tucson, Fresno, Bakersfield, Reno and Sacramento, along with two television stations in Houston and Phoenix. Kalil & Co. brokered the transaction.

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Latest Radio Stories

AM/FM Radio Still Dominates Daily Audio Time
Edison Research
Edison Research
A new update from Edison Research reveals that traditional AM/FM radio continues to hold the largest share of Americans' daily audio time -- even in an increasingly digital landscape. According to the Q2 2025 edition of Edison's long-running Share of Ear study, AM/FM radio (including both over-the-air and More

Court Backs FCC on Radio Rules in Ownership Case
U.S. Court of Appeals for the Eight Circuit
U.S. Court of Appeals for the Eight Circuit
In a major decision impacting the future of media ownership, the U.S. Court of Appeals for the Eighth Circuit has upheld the Federal Communications Commission's local radio ownership rules while partially striking down key limits on television ownership. The ruling, issued July 23, preserves long-standing More

EMF Appoints Dr. Bobby Wood as Chief of Staff
Dr. Bobby Wood
Dr. Bobby Wood
Educational Media Foundation (EMF), the parent of K-LOVE and Air1, names Dr. Bobby Wood as its new Chief of Staff. In this leadership role, Wood will serve on EMF's Ministry Leadership Team and act as a key advisor to the CEO, playing a central role in advancing strategic initiatives across the organization. More
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WOVU to Air Live from Rock & Roll Hall of Fame Studio
WOVU-FM/Cleveland
WOVU-FM/Cleveland
WOVU-FM/Cleveland, Ohio's first Urban Alternative radio station, is set to make history as it partners with the Rock & Roll Hall of Fame for a special series of live air talent broadcasts beginning in August. Select episodes of WOVU's signature shows -- including The DJ Kristyles More

Knowa De Baraso Launches Debut Podcast with iHeartMedia
Now You Know with Knowa De Baraso
Now You Know with Knowa De Baraso
iHeartMedia and Reasoned Choice Media have announced the debut of Now You Know with Knowa De Baraso, a new podcast hosted by 13-year-old political commentator Knowa De Baraso, whose insightful takes on the 2024 presidential election captured national attention. The first episode will drop Wednesday, July 30, More

Edison Research: Podcast Listening Reaches Record Highs
The Podcast Consumer
The Podcast Consumer
Podcast consumption in the U.S. has hit all-time highs across multiple metrics, according to Edison Research's newly released The Podcast Consumer 2025 report. The study highlights both the continued expansion of audio podcast listening and the surging popularity of video podcasts, which are attracting a More

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