ⓘ LocusPoint Networks LLC was the owner of television stations in the United States. The company is 99% owned by The Blackstone Group. After selling off most of t ..

                                     

ⓘ LocusPoint Networks

LocusPoint Networks LLC was the owner of television stations in the United States. The company is 99% owned by The Blackstone Group. After selling off most of their in 2017 and 2018 in the Federal Communications Commission spectrum auction and to other broadcasters, they owned one remaining station, WLEP-LD in Erie, Pennsylvania, whose license they turned in to the FCC effective February 12, 2019.

One of the companys acquisitions, WMGM-TV, was rumored to have been purchased only to be sold in a spectrum auction in 2015. When the FCC auction finally occurred LocusPoint failed to successfully win a bid to sell the stations spectrum to the FCC. On June 26, 2017, LocusPoint Networks agreed to sell WMGM-TV to Univision Communications, through its Univision Local Media subsidiary, for $6 million. The deal will make WMGM-TV a sister station to WUVP-DT and WFPA-CD.

In April 12, 2017, LocusPoint Networks, hired by the San Mateo Community College District to sell KCSM-TV in the spectrum auction, claimed fiscal mismanagement by school officials and administrators to fulfill their basic duties to facilitate the sale properly. The station was to be sold in the auction due to the colleges $1 million annual losses. In turn, the District has counter-sued LocusPoint and its partner, PricewaterhouseCoopers, for failure to enter KCSM-TV into the FCC auction.

On April 13, 2017, the Federal Communications Commission FCC announced that LocusPoints WLPH-CD and WQVC-CD were successful bidders in the spectrum auction. WLPH-CD, which had already been silent since LocusPoint acquired it in 2014, would be surrendering its license in exchange for $3.994.492 and WQVC-CD would be surrendering its license in exchange for $11.196.327. LocusPoint surrendered the licenses for both stations to the FCC for cancellation on August 8, 2017.

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