I agree. And even with all the bandwidth it's still an LP station, probably with obsolete equipment and operated like that station in "UHF" with Weird Al Yankovic. If you didn't get all the bandwidth it raises the question as to many subchannels the owner could create before your picture quality wasn't worth paying for. In the slumlord analogy your channel would become part of a tenement slum in the ghetto of LP television. And you would still have to find a way to turn a profit out of that. For that kind of lease money I think you would have to be able to reach at least half the people in the Metroplex before you had a chance of breaking even--and that's with programming that was of a quality to regularly draw in viewers. If you had that I think you could hustle up enough Metroplex-wide local advertising to fund it, but that would have to be one hopping sales staff. And how many hours of programming would be feasible to produce on a daily or weekly basis? The station is only providing what it takes to accept your signal and kick it out. You would still need your own studios to produce it.For $204K/year you'd think you'd get all the station's bandwidth; not just a subchannel. At that price level, no wonder LPTV is mostly infomercials/shopping and religious programming.
Some quick searching resulted in no Wikipedia entry for Mako Communications, but there is a Wikipedia entry for HC2 Holdings. It's definitely been a long, strange trip for them. They had their fingers in lot of pies over the years, from steel to undersea cable to broadcasting. As for Mako, the article states that HC2 "acquired the holdings of Mako Communications and its 38 low-power television stations", but doesn't say they bought the company. The more interesting part in the Wiki article is their broadcast purchases. They were buying LP stations for well under a million bucks over the last few years, a couple of them for $225K. That makes me think that if I won one of the $600 million jackpots in the current lotteries I would consider doing the same thing. A few million more in equipment and it would be a state of the art facility. A few million on top of that and you got a decent studio setup to complete the rig. On the other hand, it's still LP but it does make me wonder what a full power station like KDTN would go for on the open market. The cash value for both the Powerball and Megamillions is between $400 million and $450 million, so even at top value for KDTN you would still have some walking around money left over.I was under the impression that HC2 just bought Mako itself, as well as some similar outfits like DTV America. But I'm not sure; maybe someone who follows the LPTV biz can clarify today's ownership structure.