Home Login RADIO ONLINE RSS Facebook
Advertisement

Lotus Closes on Buy of Scripps Stations in Tucson, Boise


Lotus Communications
Lotus Communications

Lotus Communications Corp. has closed on its purchase of four stations in Tucson and four stations in Boise, ID, from Scipps Media for $8 million. This represents the last of the radio outlets owned by Scripps. Included in the deal were 1kW KFFN-AM (1490), 100kW KMXZ-FM (94.9), 3kW KQTH-FM (104.1) and 0.44kW KTGV-FM (106.3)/Tucson along with 53kW KJOT-FM (105.1), 100kW KQXR-FM (100.3), 49kW KRVB-FM (94.9) and 52kW KTHI-FM (107.1)/Boise.

Scripps Media is a Cincinnati-based company and a unit of the E.W. Scripps Company, and is headed by Adam Symson. Lotus Communications is a California-based company led by founder Jim Kalmenson. It owns 34 stations across 3 states. Lotus operates four stations in Tucson and has divested KQTH to Family Life Broadcasting and KTGV to Bustos Media Holdings in order to meet the FCC market cap.

"Lotus Communications' commitment to serving local communities -- with a focus on western region markets in particular -- makes it a natural fit to run the Boise and Tucson stations," said Scripps President/CEO Adam Symson. "This deal sets up the stations for continued success."

"We are looking forward to getting to know the many talented professionals at these Scripps radio stations," added Lotus Communications President Jim Kalmenson. "Both companies share a genuine passion for producing excellent local radio and serving the public."

Kalil & Co. brokered this transaction.

Advertisement

Latest Radio Stories

iHeart Q1 Revenue Up on Digital, Podcast Gains
iHeartMedia
iHeartMedia
iHeartMedia reported first quarter 2026 results showing revenue growth driven by its digital audio and podcasting businesses, despite declines in profitability and continued pressure on cash flow. The company posted total revenue of $884 million for the quarter ended March 31, up 9.6% from a year More

FCC Sets FM Auction for Early 2027 with 132 CPs
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The Federal Communications Commission has announced plans to hold an auction of FM radio construction permits beginning in February 2027, marking the first such auction since its authority to conduct them was restored. The auction, designated Auction 114, will make 132 FM construction permits available More

Townsquare Media Q1 Revenue Slips as Digital Grows
Townsquare Media
Townsquare Media
Townsquare Media reported first quarter 2026 results showing a slight decline in overall revenue, while its digital business continued to expand and account for a growing share of the company's operations. Net revenue for the quarter ended March 31 totaled $96.8 million, down 1.9% year-over-year. More
Advertisement

99.1 The Mix Ups Brett Andrews to Brand Manager
Brett Andrews
Brett Andrews
Audacy Wisconsin has elevated Brett Andrews to Brand Manager of WMYX-FM (99.1 The Mix) in Milwaukee. He takes on this new leadership role while continuing to serve as the Brand Manager for WMHX-FM (Mix 105.1) in Madison and Assistant Brand Manager for WXSS-FM (103.7 KISS FM) in Milwaukee. Andrews can More

Study: Radio Steps In When Billboards Sell Out
Cumulus media and Westwood One
Cumulus media and Westwood One
A new blog post from Cumulus Media | Westwood One's Audio Active Group highlights how one advertiser shifted a major outdoor advertising budget to AM/FM radio after key billboard inventory sold out, underscoring radio's continued strength in reaching in-car audiences. According to the report by Chief More

News Radio KBNW Launches in Spokane WA
News Radio KBNW (107.1 FM & 1230 AM)
News Radio KBNW (107.1 FM & 1230 AM)
A new locally owned News/Talk station has launched in the Inland Northwest, with News Radio KBNW (107.1 FM & 1230 AM) now serving the Spokane and Coeur d'Alene, WA. The station is simulcast on KBNW-FM and KSBN-AM and is focused on delivering live, local news, traffic and weather. KBNW is led by Keith More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement