In August 2024, a deal was struck that would have seen Scott Centers acquire the facility from Jeff Chang. That $500,000 proposed transaction ended in a non-consummation. Then came a similar offer from David and Penny Drucker, presented to Chang in February. A non-consummation resulted from that planned deal, too.
Now, Chang has a fresh buyer in place for a low-power TV station serving San Francisco.
Emerging as the new planned owner of KPJC-LD 12 in the City by the Bay is Ravi Kapur, the former KGO-TV personality turned South Asian media entrepreneur who heads Major Market Broadcasting.
And, compared to the two previous deals, Chang is taking a haircut by selling the facility for $97,000. A $4,500 deposit will be paid at closing by Kapur’s group, followed by a $25,500 wire transfer of cash. Subsequent payments of $30,000 on April 1, 2026; $15,000 on July 1, 2026; and $22,000 on December 1, 2026 are agreed upon by the parties.
Terms also include a one-year simulcast agreement and programming contracts for Chang’s KGBY-LD in Palm Springs, Calif., and an airtime agreement on Kapur’s KAAP-LD 24, serving Santa Clara and San Jose, Calif.
There’s another important caveat in the agreement.
Should Kapur seek displacement relief, and receive a Construction Permit Grant from the FCC of KPJC-LD’s current RF Channel 11 during the term between the closing and consummation of the agreement and for 365 Calendar Days thereafter, Kapur will pay an additional $100,000 within 90 days.
FCC filing fees will eventually be split between Chang, whose legal representative is Kathleen Victory of Fletcher, Heald and Hildreth; and Kapur.
Included in the equipment going to Kapur is an Anywave 50-watt transmitter; and a VeCoax encoder.
