Across 2021, there have been some significant transactions involving television stations, with many deals involving Gray Television. That said, one entrepreneur known for its investment in programming catering to South Asians has emerged as a LPTV collector, buying up properties across the U.S.
Ravi Kapur, once a member of the KGO-7 in San Francisco news team, now has a formidable group of LPTVs through his Major Market Broadcasting. Now, he’s adding two more LPTVs to his stable in a transaction that sees Bob Heymann of the Chicago office of Media Services Group serve as the seller’s broker.
Mako Communications LLC of Corpus Christi, Tex., has agreed to sell two low-power television stations to Kapur.
They are K28QM-D (Facility ID No. 181666), licensed to Beaumont, Tex., and K25QM-D (Facility ID No. 181790) in Palm Springs, Calif.
The total price for both stations is $60,000.
The deal’s terms are fairly simple, and the Asset Purchase Agreement totals just two pages. They include an agreement by Kapur to pay half of the $335 FCC filing fee. A $7,500 deposit has been made, with the remainder payable in cash at closing.
Signing off on the transaction for Mako is Chief Administrative Officer Amanda Mintz.
For more on Ravi Kapur, please visit the RBR.com archives!
