KMJE-FM Sacramento sale closes

By on May, 27 2014 with Comments 0

KalilKalil & Co. announced the closing of Spanish AC KMJE-FM, Placerville, California in the Sacramento market, from Results Radio of Sacramento, LLC and Results Radio of Sacramento Licensee, LLC to Lotus Sacramento Corp. and Lotus Communications Corp.

Results Radio is a California-based company headed by Jack Fritz, II. Results Radio owns 11 other FM stations in Sacramento, Chico, Redding, Colusa, and Yuba City, all in California.

Lotus Communications Corp., is a California-based company headed by Howard Kalmenson. Lotus also owns 16 AM and 15 FM stations in Los Angeles, Las Vegas, Tucson, Fresno, Bakersfield, Reno, and Sacramento.

KMJE-FM operates at 92.1 MHz, with 6 kW at 328’ HAAT.

The price was $2.23M with $223K escrow; balance in cash at closing. The LMA began 10/1/13. The FCC file date was 9/4/13.

Kalil & Co., Inc. was the exclusive broker for this transaction.

About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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