Lotus now officially owns News Radio KOMO-AM & FM, KPLZ-FM, and Talk Radio KVI 570-AM. The $18 million purchase of the stations from Sinclair was originally announced back in June.
Lotus now owns 48 stations in the Western states.
Richard Foreman Associates was the exclusive broker representing Sinclair Broadcast Group.
$18 million? $5 million cash – $13 million trade/barter with Sinclair. Remarkable deal.