Lotus Closes on KFWB-AM/Los Angeles for $11.2M
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Thread: Lotus Closes on KFWB-AM/Los Angeles for $11.2M

  1. #1

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    Post Lotus Closes on KFWB-AM/Los Angeles for $11.2M

    http://news.radio-online.com/cgi-bin...line_id=b15001

    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.
    Here is an update

  2. #2
    Quote Originally Posted by The Harsh Reality View Post
    Seems like an awful lot for a 5 kilowatt AM, regardless if it is L.A. or not.
    Yeah, but it's the number one station for teens, and they've got all that talent - Wink Martindale, B. Mitchell Reed, Bill Balance...oh...wait - that was 50 years ago.

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    Quote Originally Posted by The Harsh Reality View Post
    Seems like an awful lot for a 5 kilowatt AM, regardless if it is L.A. or not.
    Power alone is not the full basis for valuing a station. Directionality, transmitter location, ground conductivity and dial position are just as important.

    KFWB is 5 kw non-directional on a frequency that is in the lower part of the band. The 5 mV/m signal covers essentially all the Hispanic market (it only misses lower OC and the High Desert). The site is in a nice, relatively central location for population coverage. It is probably the 4th best AM signal in the market, after KFI, KNX and KLAC.

    Lotus is debt-free and a very smart operator.
    Last edited by DavidEduardo; 03-06-2017 at 08:28 PM.
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  4. #4
    Quote Originally Posted by LKellerIII View Post
    Yeah, but it's the number one station for teens, and they've got all that talent - Wink Martindale, B. Mitchell Reed, Bill Balance...oh...wait - that was 50 years ago.
    Otherwise known as The Good Old Days!
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  5. #5
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    Quote Originally Posted by DavidEduardo View Post


    Lotus is debt-free and a very smart operator.
    Have 'em do a debt free scream on Dave Ramsey :-)) Even though Lotus paid a premium for 9~Eighty, it's got a good dial position and great coverage for 5kw.
    Dr. Akbar 'n Nurse Jeff
    The Middle Eastern Men of the Media
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    Cage Free..Free Range..and now Dolphin Free Consultancy with Los Buckeye Boyz.

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