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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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AM/FM Radio Still Dominates Daily Audio Time
Edison Research
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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

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U.S. Court of Appeals for the Eight Circuit
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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

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WOVU to Air Live from Rock & Roll Hall of Fame Studio
WOVU-FM/Cleveland
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Edison Research: Podcast Listening Reaches Record Highs
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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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