BRIEF: Spectrum speculator buying 52 LPTVs and construction permits from Mako Communications

$46.5M deal includes St. Louis' KPTN-LD

Corpus Christi, Tex.-based Mako Communications is selling its 52 low-power TV stations and construction permits to Landover 5 LLC, a spectrum speculator* which says it's developing a nationwide 4G network.

The $46.5 million deal includes KPTN-LD (ch. 7 [RF 36]), a low-power station in St. Louis which currently is an affiliate of HSN, Jimmy Swaggart's SonLife network, QVC and Punch TV.

The FCC must approve the sale.

* Spectrum speculators are companies that buy up TV stations expecting a big payday when the FCC auctions the broadcast spectrum now in use by said stations. The auction is supposed to happen in 2014, but there is some question about that.

Comments