After a seven month search for new owners, four popular Boise radio stations have a new home.
In January, E.W. Scripps Co. announced that it was selling all 34 of its radio stations in order to focus on its television product. Included among those stations was KQXR-FM (100.3 The X, active rock), KTHI-FM (K-Hits 107.1, classic), KJOT-FM (J-105, classic rock) and KRVB-FM (94.9 The River, adult album alternative).
On Tuesday, Scripps announced it has agreed to sell the four Boise stations and an additional four Tucson, Arizona, stations to Lotus Communications, a Los Angeles based company. The deal is worth $8 million and will likely be finalized at the end of the fourth quarter, according to a press release.
“Lotus Communications’ commitment to serving local communities – with a focus on western region markets in particular – makes it a natural fit to run the Boise and Tucson stations,” Adam Symson, president and CEO of the E. W. Scripps Co., said in the release. “This deal sets up the stations for continued success.”