LocusPoint Networks has added two more stations to its growing portfolio. It’s purchasing WMKE-CA Milwaukee (DMA 34) and WLEP-LD Erie, Pa. (DMA 152) for $2.5 million each. WMKE is being sold by KM LPTV of Milwaukee (Myoung Hwa Bae, president) and WLEP has been sold by Hapa Media Properties (Kevin Joel Bae). Headed by William deKay and Ravi Potharlanka, LocusPoint in an investment firm that is acquiring stations with plans to participate in the FCC's incentive auction. That two-step auction aims to buy spectrum from broadcasters and resell it to wireless carriers. Greg Guy of Patrick Communications was the broker of both deals.
April 25, 2024
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Editor on Duty: Mark K. Miller
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Comments (3)
Tanya Pavluchuk says:
July 30, 2014 at 6:40 pm
How does turning in vhf channel 7 (WMKE) benefit the wireless companies? Free it up for other TV use?
Trudy Handel says:
July 30, 2014 at 8:56 pm
The station’s digital construction permit is for channel 21.
Bobbi Proctor says:
July 31, 2014 at 10:05 am
What a sham for investment groups to buy stations only to sell off the spectrum and reduce the number of choices available to OTA viewers. If they don’t want to be broadcasters they should not be permitted to buy stations.