---FOR IMMEDIATE RELEASE---
9/28/2021

Lotus Communications has acquired
four Seattle Radio Stations

Lotus Communications announced today that it has acquired four radio stations in the Seattle, Washington metropolitan area from Sinclair Broadcast Group for an aggregate purchase price of approximately $18 million in cash and other consideration. The deal includes News Radio KOMO 1000 AM & 97.7FM, KPLZ "Star" 101.5 FM, and Talk Radio KVI 570 AM.

Lotus First SVP Jim Kalmenson commented, "Today begins an exciting era as we begin working with the amazing staff at these heritage radio stations KOMO, KPLZ, and KVI. These are legendary stations which share Lotus's vision of producing local programming to serve the community and support our hometown businesses. Seattle is home to several excellent broadcasting companies who have made this a great radio market."

Richard A Foreman Associates, Inc. initiated the transaction and acted as exclusive broker representing Sinclair Broadcast Group.

About Lotus:

Lotus Communications is one of the nation's largest privately-owned broadcasting companies, founded in 1962 with the acquisition of legendary Spanish station KWKW by its current Chairman Howard Kalmenson. Lotus is based in Los Angeles, California and owns 44 radio stations concentrated in the Western States as well as a digital marketing entity, and ecommerce sites.

Contact Information: Jim Kalmenson - jimk@kwkwradio.com 323-878-1223