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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

Urban One Flips WPRS-FM in Washington DC to Tropical
Urban One
Urban One
Urban One has made significant format changes in the Washington, DC, market, shifting its long-running "Praise" Gospel format off of WPRS-FM (104.1) and introducing a new Tropical music format on the signal. As of Thursday, WPRS-FM began airing a Spanish-language Tropical offering More

Kim Komando to Host 2025 Radio Hall of Fame Ceremony
Kim Komando
Kim Komando
The Museum of Broadcast Communications has announced that Kim Komando, a 2021 Radio Hall of Fame inductee and one of America's most successful self-syndicated radio hosts, will serve as Master of Ceremonies for the 2025 Radio Hall of Fame induction ceremony. The event will take place Thursday, October 30 at More

iHeartMedia to Syndicate Black Information Network
Black Information Network (BIN)
Black Information Network (BIN)
iHeartMedia will begin syndicating its Black Information Network (BIN) to stations outside its ownership group starting November 1, expanding the 24/7 news service beyond the 34 markets where it currently airs on iHeart-owned outlets. The new distribution, handled through Premiere Networks, will be offered More
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CRB Opens 2026 Rusty Walker Scholarship Applications
CRS 26
CRS 26
The Country Radio Broadcasters (CRB) have opened the application window for the 2026 Rusty Walker Scholarship Program, honoring the legacy of the late Country Radio Hall of Famer, programmer, and mentor Rusty Walker. Applications will be accepted through Wednesday, November 12, 2025. Three scholarship More

Atsinger to Take Salem 2025 Pay in Restricted Stock
Edward G. Atsinger III
Edward G. Atsinger III
Salem Media Group announced Thursday that Co-Founder and Executive Chairman Edward G. Atsinger III will receive the remainder of his 2025 compensation in the form of Restricted Class A Common Stock rather than cash. The stock award totals 218,067 shares, representing $168,500 in compensation for the period More

Robert Barba Named Accountability Editor at WNYC
Robert Barba
Robert Barba
WNYC-AM & FM/New York and Gothamist have appointed veteran journalist Robert Barba as Accountability Editor, overseeing state issues and politics coverage. Barba, who has served on WNYC's day-of team, is recognized for his strong news judgment and sharp editing. In his new role, he will lead Albany-based More

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