LA LPTV sold


LPTVNew York Spectrum Holding Company has another deal to snap up a low power television station. This time, according to brokerage firm Kalil and Co., the station is in the major DMA of Los Angeles.

The seller is Obidia Porras, who stands to make $3.35M on the deal. Kalil is holding an escrow deposit of $167,500 with the balance due to be paid at closing. According to the contract, the brokerage fee is the responsibility of the buyer, headed by Charles Naumer.

Please Login to view this premium content. (Not a member? Join Today!)