At the end of 2022, an Executive Producer and Media Financier who has put his dollars into independent films, directors, producers, artists and entertainment struck a deal to add a low-power television station to his fast-growing media holdings in California’s Coachella Valley.
Before that sale can close, the seller of that LPTV property must send a check to the FCC to settle a matter regarding a late license renewal application.
KVPS-LD in Palm Springs, Calif., presently a NewsNet affiliate, is being sold by Esther Arenas to Louie Comella.
With the assistance of legal counsel Dan J. Alpert and Rockwell Media Services, headed by Morgan Skinner, Arenas is pocketing $325,000 from the LPTVs sale. A $25,000 downpayment has been made to Arenas by Comella through his Broadcast Media Networks Ltd.
Before the asset purchase agreement was signed, Arenas on September 14, 2022, filed a license renewal application for KVPS. There’s just one problem: It should have been filed by August 1.
Arenas offered the Commission no explanation as to her tardiness. Thus, she must pay $1,500 for her transgression.
