Lotus takes a piece of Peak

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In Fresno, it turns out that the 2.4M sale of KFPT-AM to Fat Dawgs 7 Broadcasting isn't the end of the pruning job that Todd Lawley's Peak Broadcasting is undertaking with the cluster it acquired from CBS in a 90M deal filed late last year. It has now filed to spin KOQO-FM to Lotus Communications.


According to Kalil & Co., which brokered the deal, the move pares an the station's incompatible Hispanic format from the Peak cluster and sends it into the Lotus group where it is expected to be much more at home, with an all-Hispanic cluster featuring KGST-AM, KLBN-FM & KMMM-FM and an owner in Howard Kalmenson who knows how to run it. Lotus will pay 8.4M for the station. Peak will be left with an AM and four FMs.


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