Noncom KECB Buying Noncom KCSM
A Santa Rosa, Calif., PBS station, KRCB, is the winning bidder for the San Mateo County Community College District’s KCSM, offering $12 million for the noncommercial station. The $12 million is a far cry from the $114 million the college district could have received had its employees not botched the sale of the station’s spectrum in an FCC auction last November.
College Ponders Selling KSCM To Speculator
The San Mateo (Calif.) Community College District staff recommended accepting a proposal to sell its noncommercial KCSM, a public broadcasting station located on the campus of the College of San Mateo, to LocusPoint Networks, a spectrum speculator owned by private equity firm The Blackstone Group. The District Board will meet Wednesday to consider the staff’s recommendation.
KCSM San Mateo, Calif., Goes Up For Sale
As expected, the San Mateo (Calif.) Community College announced Wednesday that it is seeking a buyer for the public station. In June, the board said the sale was due to the station’s projected $800,000 structural deficit.
