Sinclair Dumped Seattle Radio, Radio’s Exit May Take Months

RADIO INSIGHT — At closing Lotus will pay just $5 million in cash for the stations. The remaining $13,058,604 will come at Lotus’ choice in either cash or advertising made available to Sinclair owned properties on 21 of Lotus’ English language stations in Bakersfield, Boise, Fresno, Las Vegas, Reno, Seattle and Tucson. If Lotus sells any of those 21 stations, Lotus can transfer the obligations of that station to carry the Sinclair advertising with it.
The deal also includes a Transition Agreement allowing Lotus to utilize Sinclair’s traffic systems, IT and web services, human resources, and microwave for up to 18 months as needed for a share of the costs. The company can also sub-lease the station’s current studios during that term if needed.

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Author: Jason Remington

Creator, Admin, & Editor of QZVX, former broadcaster at KTOY FM/Tacoma, KVAC/Forks , KDFL/Sumner, KTTX & KWHI FM/Brenham (TX), KONP/Port Angeles, KBAM/Longview, KJUN/Puyallup, KRPM FM/Tacoma, KAMT/Tacoma, KASY/Auburn, KBRD FM/Tacoma, KTAC/Tacoma, KMTT FM/Tacoma, and KOOL FM/Phoenix. -- Airchecks
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2 thoughts on “Sinclair Dumped Seattle Radio, Radio’s Exit May Take Months

    1. Thanks Peter! Readability and navigation are always a concern. With the font change all pages have been broken out separately, not in a tab format, out of necessity (readability).

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