Local Media Partners just announced plans to acquire the three low power television outlets that were associated with full power WLNY-TV, which is going to CBS. Now another deal has been filed, sending a low power facility in the Philadelphia DMA – WTSD-CA — from one of the partners to the partnership as a whole.
The sellers of the Channel 14 outlet are Loop Media, headed by Paul Koplin and Lawrence Rogow.
The buyer is Local Media TV Philadelphia LLC, in which Loop is a 48.1% partner and Telcom Local Media LLC is also a 48.1% partner. Several others have smaller stakes in the entity.
The buyers list six directors, which in this case includes the two sellers: Monish Kundra, James Fleming, Rajendra Singh, Serge G. Martin, Paul Koplin and Lawrence Rogow.
The price: $302K cash.
Rogow and Koplin only just acquired the station themselves – they filed 9/14/11 to acquire it from Priority Communications Ministries Inc. for $300K.
The New York deal involved WLNY L.P. The stations being sold include WLNY-CD Mineola NY, W27CD Stamford CT and WLIG-LD Morristown NJ and went in the books with a $6.5M price tag.
