Lotus Closes On KFWB-AM


The $11.2 million purchase of KFWB-AM in Los Angeles is now closed. Lotus Communications purchased the station from Universal Media Access KFWB-AM, LLC. The sale was announced on October 4, 2016. Earlier in 2016, after sitting in a trust since 2011, KFWB-AM was sold to Universal Media Access for $8 million. Eight months later the station was flipped for $11 million. Kalil & Company were the exclusive brokers on the Lotus purchase.


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