A Southern California-based broadcasting company has acquired three Seattle radio stations for $18 million, according to multiple media reports.
Thursday’s deal involves KOMO Seattle NewsRadio 1000 AM and 97.7 FM and KVI AM 570 along with Star 101.5 FM. It is considered the biggest transaction the industry has seen in the last six months.
“We are excited to work with the amazing staff at KOMO, KPLZ, and KVI,” said Lotus Communications first SVP Jim Kalmenson. “These are legendary stations which share Lotus’s vision of producing local programming to serve the community, enhance local neighborhoods, and support our hometown businesses. Seattle is home to several excellent broadcasting companies who have made this a great radio market.”
Lotus Communications owns and operates more than 40 radio stations in the United States.
KVI is a conservative Talk station that features a local morning show hosted by John Carlson and syndicated programming with Lars Larson, Sean Hannity and the Markley, van Camp & Robbins show.
KOMO is considered one of the best fully integrated news operations in the country that works in cahoots with KOMO 4, an ABC-TV affiliate.
