“SuperFrank” Copsidas has made a name for himself in New York State, in the Deep South, in the Hoosier State, and across New England for his investment in low-power television operations.
Now, the producer of the TV series “Pop Up Psychic,” “Just Eat It” and “Ghost Rapper” is adding another television station to his roster of LPTV facilities.
Copsidas’ MOTV LLC, referencing the state of Missouri, is agreeing to acquire KEFN-CD in St. Louis.
KEFN is a Class A station serving the Gateway City on Channel 20. As of 2019, it was using an ERI Model AL8N-20-PLC circularly polarized AL PLUS Series UHF television antenna with a narrow cardioid azimuth pattern.
Until now, KEFN had been an EWTN member station, licensed to Eternal Family Network. On March 18, 2020, KEFN went silent under an STA; its agreement to use its licensed transmitter site was “terminated.”
Now, it is poised to return to life, but with a different ownership arrangement.
Eternal Family Network wishes to continue its mission of the sharing of the Catholic Faith and “traditional values” through multimedia but is unable to do so without “the benefits obtained through entering into this agreement.”
That agreement will see EFN team with kNow Media in forming a new limited liability company, “MOTV, LLC.” Copsidas will oversee it, while MOTV will be a partnership majority owned by EFN (taking 55% equity interest).
kNow and EFN will then divide all income received with respect to the operation of the station 60/40, after expenses. Such revenues and expenses are subject to audit at the sole expense of the party requesting it.
What if KEFN is sold, or is permitted or required to participate in a reverse auction at the FCC? EFN will get $650,000. Then, kNow and Eternal will split the remainder of any proceeds 60%/40%.
For EFN, EWTN will return, with ATSC 1.0 and ATSC 3.0 broadcasts contractually guaranteed by Copsidas. The benefit for him? Digital multicast access, and the pending NEXTGEN TV data capability, which presents broadcast TV with a new revenue-generation opportunity.
All is contingent, however, on getting KEFN-CD 20 back on the air by March 18. If that doesn’t happen, the deal is off — and the station’s license is deleted and cancelled by the FCC.