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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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Champlin, CTB Name Bill Hurley President & COO
Bill Hurley
Bill Hurley
Champlin Broadcasting and Chisholm Trail Broadcasting appoint veteran broadcaster Bill Hurley as President and COO of both companies. Founded by Hiram H. Champlin, the two companies operate 11 radio outlets serving listeners from Enid to Oklahoma City. Champlin emphasized the importance of local leadership More

iHeartMedia Extends Contracts for Pittman, Bressler
iHeartMedia
iHeartMedia
iHeartMedia has extended the employment agreements of Chairman and CEO Bob Pittman and President, COO and CFO Rich Bressler through December 31, 2029, according to a filing with the Securities and Exchange Commission. Both executives' prior contracts had been set to expire in 2026. The amendments also More

Report: Podcast Ad Spend Climbs in First Half of 2025
Magellan AI
Magellan AI
Podcast advertising continued its upward trajectory in the first half of 2025, with new industries and brands expanding into the medium and top spenders increasing investments, according to Magellan AI's midyear report released at Podcast Movement 2025. Magellan AI tracked ad activity across more than More
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RAB to Spotlight Financial Services in Presentation
Radio Advertising Bureau (RAB)
Radio Advertising Bureau (RAB)
The Radio Advertising Bureau (RAB) will continue its ongoing "Radio Works" initiative with a new presentation designed to help radio sellers and managers strengthen relationships with financial services advertisers. The session, titled "Radio Works for Financial Services," will highlight how local radio More

Sunrise/Hudson Valley Launches FOX Sports 1220 AM/94.5 FM
FOX Sports 1220 AM & 94.5 FM
FOX Sports 1220 AM & 94.5 FM
Sunrise Broadcasting has introduced a new sports radio option for the Hudson Valley with the launch of FOX Sports 1220 AM & 94.5 FM on WGNY-AM & FM and WJGK-HD2 (103.1 FM). The stations will air FOX Sports Radio's lineup of syndicated Sports Talk shows, effective immediately. The schedule features More

Pierre Bouvard Debunks Myths About AM/FM Radio
Pierre Bouvard
Pierre Bouvard
Cumulus Media | Westwood One's Audio Active Group is challenging widespread misconceptions about AM/FM radio with new findings from Nielsen, Edison Research, and LeadsRx. In his latest blog post, Chief Insights Officer Pierre Bouvard outlined eight common myths held by agencies and marketers and contrasted More

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