Michael Pascucci, who sold independent WLNY to CBS last month for $55 million, is picking up another $6.5 million from the sale of three LPTV stations to a separate investment group.
Michael Pascucci, who is selling his independent in New York to CBS for $55 million, is picking up another $6.5 million by selling three related low-power stations to investors led by Lawrence Rogow and Paul Koplin.
Loop Media LLC, owned by Lawrence Rogow and Paul Koplin, both of Los Angeles, are buying low-power WTSD-CA Philadelphia, from nonprofit Priority Commmunications Ministries for $300,000, according to an FCC filing seeking approval. Rogow is chairman of the Venture Technologies Group LLC., a group with full-power stations in Seattle; Lansing, Mich.; and Peoria, Ill., and numerous low-power stations elsewhere.
