Lotus Communications Corp. has officially added a historic 5kw Class B AM broadcasting in the City of Angels.
Kalil & Co. was the exclusive broker for this transaction.
The owner of radio stations across California, Nevada and Arizona and television stations in Phoenix and Houston, respectively, on Monday (3/6) closed on its $11.2 million acquisition of KFWB-AM 980 in Los Angeles from Universal Media Access KFWB-AM LLC.
Ahead of the closing, Lotus changed the station’s placeholder “Desi 980” Bollywood music presentation on KFWB to Ranchera-style Classic Mexican Pop, as “La Mera Mera.” This gives Lotus, led by President/CEO Howard Kalmenson and First SVP Jim Kalmenson, a music format to sell in combo with ESPN Deportes Radio flagship KWKW-AM 1330 in L.A.
ESPN Deportes Radio is simulcast on KTMZ-AM 1220 in Pomona, Calif., a 3-tower, two-pattern, 250-watt directional Class B facility in eastern Los Angeles County.
Lotus’s Southern California station group is rounded out by Farsi-language KIRN-AM 670 “Radio Iran,” a Class B licensed to Simi Valley, Calif., that is a highly profitable property for privately held company.
From 1958-1968, as “Channel 98,” KFWB served as one of the leading Top 40 stations on the West Coast. From 1968 through the end of the 2000s, KFWB was known for its all-News format, modeled after then-Westinghouse sibling WINS-AM 1010 in New York. In recent years KFWB had Talk and Sports Talk formats — installed after CBS Radio put KFWB in a trust in order to comply with FCC market ownership limits in L.A.