Trinity Buying New York And Chicago LPTVs
Spectrum aggregator LocusPoint Networks has sold two low-power stations to Trinity Broadcasting Network. Trinity is paying $13 million for WDVB-CD Edison, N.J. (DMA 1, New York) and WLPD-CD Chicago (DMA 3). LocusPoint is owned by Bill deKay and Ravi Potharlanka. Religious broadcaster Trinity owns full- and low-power stations and several broadcast networks. Greg Guy of Patrick Communications brokered the deal.
LocusPoint’s NYC, Chicago LPTVs For Sale
Patrick Communications has been retained to sell WDVB-CD New York and WLPD-CD Chicago.
KFTL-CD Palo Alto, Calif., and WMKE-CD Milwaukee are going to companies owned by Terence E. Crosby and Randy E. Nonberg.
TCT Ministries (Garth Coonce, president) is buying the religious-formatted low-power station from spectrum aggregator LocusPoint Networks (Ravi Porharlanka and Bill deKay) for $2 million. Greg Guy of Patrick Communications was the broker.
Spectrum aggregator LocusPoint Networks has closed on two station buys. It has bought WMKE-CA Milwaukee (DMA 35) from KM LPTV of Milwaukee (Myoung Hwa Bae, president) for $2.5 million and WLEP-LD Erie, Pa. (DMA 150), from Hapa Media Properties (Kevin Joel Bae, president), also for $2.5 million. Greg Guy of Patrick Communications was the broker of both deals.
LocusPoint Buys Pittsburgh LPTV For $1.3M
WQVC-CA Greensburg, Pa. (Pittsburgh, DMA 22), has been sold by Abacus Television (Benjamin Perez, owner) to spectrum aggregator LocusPoint Networks for $1.3 million. The buyer is owned by co-founders Ravi Potharlanka and Bill deKay. Brokers were Greg Guy and Jason James of Patrick Communications.
What Happens Next For Tegna?
Conn. Noncom To Sell WEDW Spectrum
The Connecticut Public Broadcasting Network plans to relinquish the spectrum assigned to WEDW Bridgeport, one of four stations in its statewide network, in the FCC’s upcoming auction. Under its agreement with spectrum speculator LocusPoint Networks, the pubcaster received an undisclosed cash payout from LocusPoint and will share a portion of its future auction proceeds with the company.
Sale Of WLPH-CD Miami Closes
The purchase of WLPH-CD Miami (DMA 16) by spectrum aggregator LocusPoint Networks from Gunter Marksteiner for $5.1 million has been completed. The deal was announced in April. Larry Patrick and Greg Guy of Patrick Communications advised the buyer, while Michael Alcamo of M.C. Alcamo & Co. advised the seller.
WMGM Wildwood, NJ, Selling For $6 Million
The NBC affiliate in the Philadelphia DMA is being sold by Access.1 Communications to spectrum aggregator LocusPoint Networks.
LocusPoint Closes On WRCF-LP Purchase
LocusPoint Networks LLC (Ravi Potharlanka, president) has closed on its purchase of WRCF-LP Orlando, Fla. (DMA 19), from Specialty Broadcasting Corp. (Charles Namey, president) for $1,250,000. Greg Guy of Patrick Communications brokered the deal.
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.
WDVB-CD Edison, N.J., Sold For $20 Million
Deepak Viswanath has sold WDVB-CD Edison, N.J. (DMA 1) to LocusPoint Networks (Ravi Potharlanda and Bill deKay, co-founders) for $20 million. The station broadcasts on ch. 23 with 7 kw and an antenna 984 feet above ground level. Larry Patrick and Greg Guy of Patrick Communications were the brokers.