When it comes to low-power TV facilities, Ravi Kapur has been a buyer of late.
The Bay Area entrepreneur who once appeared on-camera at KGO-7 in San Francisco and today is behind the Diya TV operation targeting South Asian consumers recently grew in Florida, and in late April agreed to buy a construction permit for a LPTV facility in Chico, Calif.
Now, Kapur is expanding his holdings by traveling north to Redding.
Kapur’s Major Market Broadcasting is acquiring “NEW” low-power TV station K13AAX-D in Redding from Roseland Broadcasting.
The agreed-to price is structured so that Roseland gets $500. Then, Kapur has agreed to pay 50% of the FCC filing fee ($335), plus reimbursement of any Roseland legal expenses (if any) up to a maximum of $1,000.
Roseland is headed by Matthew Davidge and Julie Huang. That’s the licensee that earlier this year agreed to a series of deals with HC2 Broadcasting.