Sinclair Sells Its 4 Radio Stations To Lotus
KOMO-AM-FM, KPLZ-FM and KVI-AM in Seattle go for $18 million to Los Angeles-based radio group owner Lotus Communications.
By Mark K. Miller | June 3, 2021 | 2:07 p.m. ET.
Lotus Communications is buying Sinclair Broadcast Group four radio stations all in the Seattle metropolitan area for approximately $18 million in cash and other consideration. The stations are KOMO-AM-FM, KPLZ-FM and KVI-AM. Sinclair bought the stations from Fisher Communications in 2013.
Lotus Communications is one of the nation’s largest privately-owned broadcasting companies, founded in 1962 with the acquisition of legendary Spanish station KWKW-AM Los Angeles by its current Chairman Howard Kalmenson. Lotus is based in Los Angeles and owns 44 radio stations concentrated in the Western States as well as a digital marketing entity, and ecommerce sites.
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