ARROYO GRANDE, CALIF. — A former KGO-7 in San Francisco reporter and the individual behind the creation of America’s first-ever 24/7 South Asian-targeted television network, Diya TV, has closed on the Kalil & Co.-brokered sale of a broadcast television station serving California’s Central Coast.
KTAS-TV in San Luis Obispo, Calif., which is licensed and silent and may use digital channel 34 — with a PSIP of 33 — in this DMA that includes Santa Barbara County, is now the property of Ravi Kapur-led Major Market Broadcasting.
The seller is the Palazuelos 2023 Revocable Trust, led by Consuelo Palazuelos, the widow of immigration attorney Raul Palazuelos.
Kapur paid $550,00 for KTAS. A 10% deposit was being held by Kalil & Co., which represented the seller in this transaction.
Kapur is only acquiring the transmission facility and licenses for KTAS. This explains why the valuation is much less than a non-consummated deal announced in January 2023 that would have seen Maxwell Agha-led International Communications Network Inc. acquire KTAS for $4 million.
KTAS will be paired with K07AAN-D and K14TK-D in Santa Maria, Calif., low-power TV stations serving an area that includes the city of Lompoc and the “Five Cities” of southern San Luis Obispo County. They were acquired by Kapur in July from Jeff Winemiller-led Lowcountry 34 Media for $225,000.
KTAS-33 uses a transmitter atop Cuesta Peak and had been a Telemundo affiliate since 2001. That relationship ended in January 2023, with News-Press & Gazette Co. acquiring it and creating “Telemundo Costa Central.”
Joan Stewart of Wiley Law is the seller’s legal counsel. Dennis P. Corbett of Telecommunications Law Professionals PLLC represented Kapur.
