LocusPoint Networks (original) (raw)
LocusPoint Networks LLC was an 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 (FCC) 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.
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| dbo:abstract | LocusPoint Networks LLC was an 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 (FCC) 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 company's 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 station's 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 6million.ThedealwillmakeWMGM−TVasisterstationtoWUVP−DTandWFPA−CD.OnApril12,2017,LocusPointNetworks,hiredbytheSanMateoCommunityCollegeDistricttosellKCSM−TVinthespectrumauction,claimedfiscalmismanagementbyschoolofficialsandadministratorstofulfilltheirbasicdutiestofacilitatethesaleproperly.Thestationwastobesoldintheauctionduetothecollege′s6 million. The deal will make WMGM-TV a sister station to WUVP-DT and WFPA-CD. On 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 college's 6million.ThedealwillmakeWMGM−TVasisterstationtoWUVP−DTandWFPA−CD.OnApril12,2017,LocusPointNetworks,hiredbytheSanMateoCommunityCollegeDistricttosellKCSM−TVinthespectrumauction,claimedfiscalmismanagementbyschoolofficialsandadministratorstofulfilltheirbasicdutiestofacilitatethesaleproperly.Thestationwastobesoldintheauctionduetothecollege′s1 million annual losses. In turn, the District counter-sued LocusPoint and its partner, PricewaterhouseCoopers, for failure to enter KCSM-TV into the FCC auction. In September 2017 the San Mateo Community College District reached a deal to sell KCSM-TV to the Northern California Public Media owned KRCB. On October 24, 2017, LocusPoint filed an injunction to stop the sale, citing violations of provisions in the original contract governing sale rights should the auction not go forward, while the San Mateo Community College District maintained that LocusPoint's role in the failed auction voided the entirety of the contract. The lawsuits were settled in 2019, with the district receiving 5.5millionfromPricewaterhouseCoopersand5.5 million from PricewaterhouseCoopers and 5.5millionfromPricewaterhouseCoopersand4.5 million from LocusPoint, and KCSM-TV was sold to KRCB for an additional 12million.ThedistrictdidnothavetopayanythingtoeitherPricewaterhouseCoopersorLocusPoint.OnApril13,2017,theFederalCommunicationsCommission(FCC)announcedthatLocusPoint′sWLPH−CDandWQVC−CDweresuccessfulbiddersinthespectrumauction.WLPH−CD,whichhadalreadybeensilentsinceLocusPointacquireditin2014,wouldbesurrenderingitslicenseinexchangefor12 million. The district did not have to pay anything to either PricewaterhouseCoopers or LocusPoint. On April 13, 2017, the Federal Communications Commission (FCC) announced that LocusPoint's 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 12million.ThedistrictdidnothavetopayanythingtoeitherPricewaterhouseCoopersorLocusPoint.OnApril13,2017,theFederalCommunicationsCommission(FCC)announcedthatLocusPoint′sWLPH−CDandWQVC−CDweresuccessfulbiddersinthespectrumauction.WLPH−CD,whichhadalreadybeensilentsinceLocusPointacquireditin2014,wouldbesurrenderingitslicenseinexchangefor3,994,492 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. (en) |
| dbo:foundingYear | 2012-01-01 (xsd:gYear) |
| dbo:industry | dbr:Terrestrial_television |
| dbo:location | dbr:Pleasanton,_California |
| dbo:owner | dbr:Blackstone_Group |
| dbo:owningCompany | dbr:Blackstone_Group |
| dbo:type | dbr:Private_company |
| dbo:wikiPageExternalLink | http://www.locuspointnetworks.com |
| dbo:wikiPageID | 42523685 (xsd:integer) |
| dbo:wikiPageLength | 9073 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1012485150 (xsd:integer) |
| dbo:wikiPageWikiLink | dbr:Private_company dbr:Detroit dbr:United_States dbr:Univision_Communications dbr:Northern_California_Public_Media dbc:American_companies_established_in_2012 dbc:Companies_based_in_Pleasanton,_California dbr:Blackstone_Group dbr:WBNF-CD dbr:WLPH-CD dbr:Atlantic_City dbr:Owned-and-operated_station dbr:Buffalo,_New_York dbr:Towson,_Maryland dbr:Tri-State_Christian_Television dbr:Trinity_Broadcasting_Network dbr:WDVB-CD dbr:WDWO-CD dbr:WFPA-CD dbr:WHPS-CD dbr:WLEP-LD dbr:WLPD-CD dbr:WMGM-TV dbr:WMJF-CD dbr:WMKE-CD dbr:WNYB dbr:WQVC-CD dbr:WRCF-CD dbr:WUVP-DT dbr:Wildwood,_New_Jersey dbc:Mass_media_companies_disestablished_in_2019 dbr:Edison,_New_Jersey dbr:Erie,_Pennsylvania dbr:Federal_Communications_Commission dbr:Digital_terrestrial_television dbr:Greensburg,_Pennsylvania dbr:The_Blackstone_Group dbc:Defunct_broadcasting_companies_of_the_United_States dbc:Mass_media_companies_established_in_2012 dbr:KCNZ-CD dbr:KPJK dbr:KRCB_(TV) dbc:The_Blackstone_Group dbr:Terrestrial_television dbr:Plano,_Illinois dbr:Pleasanton,_California dbr:City_of_license dbr:Miami,_Florida dbr:Milwaukee,_Wisconsin dbr:Orlando,_Florida dbr:Media_market dbr:Virtual_channel dbc:LocusPoint_Networks dbr:Spectrum_auction dbr:San_Francisco,_California |
| dbp:defunct | 2019 (xsd:integer) |
| dbp:foundation | 2012 (xsd:integer) |
| dbp:homepage | http://www.locuspointnetworks.com |
| dbp:industry | dbr:Terrestrial_television |
| dbp:keyPeople | Ravi Patharlanka, President (en) |
| dbp:location | dbr:Pleasanton,_California |
| dbp:locationCountry | dbr:United_States |
| dbp:name | LocusPoint Networks LLC (en) |
| dbp:owner | dbr:Blackstone_Group |
| dbp:type | dbr:Private_company |
| dbp:wikiPageUsesTemplate | dbt:Infobox_company dbt:More_citations_needed dbt:Reflist |
| dct:subject | dbc:American_companies_established_in_2012 dbc:Companies_based_in_Pleasanton,_California dbc:Mass_media_companies_disestablished_in_2019 dbc:Defunct_broadcasting_companies_of_the_United_States dbc:Mass_media_companies_established_in_2012 dbc:The_Blackstone_Group dbc:LocusPoint_Networks |
| gold:hypernym | dbr:Owner |
| rdf:type | owl:Thing dbo:Company dbo:Person schema:Organization dul:Agent dul:SocialPerson dbo:Agent wikidata:Q24229398 wikidata:Q43229 wikidata:Q4830453 yago:WikicatCompaniesEstablishedIn2012 yago:Abstraction100002137 yago:Company108058098 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity dbo:Organisation yago:SocialGroup107950920 |
| rdfs:comment | LocusPoint Networks LLC was an 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 (FCC) 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. (en) |
| rdfs:label | LocusPoint Networks (en) |
| owl:sameAs | freebase:LocusPoint Networks yago-res:LocusPoint Networks wikidata:LocusPoint Networks https://global.dbpedia.org/id/eBQr |
| prov:wasDerivedFrom | wikipedia-en:LocusPoint_Networks?oldid=1012485150&ns=0 |
| foaf:homepage | http://www.locuspointnetworks.com |
| foaf:isPrimaryTopicOf | wikipedia-en:LocusPoint_Networks |
| foaf:name | LocusPoint Networks LLC (en) |
| is dbo:wikiPageWikiLink of | dbr:2013_in_American_television dbr:WDVB-CD dbr:WDWO-CD dbr:WHDT-LD dbr:WHPS-CD dbr:WLEP-LD dbr:WLPD-CD dbr:WMGM-TV dbr:WMJF-CD dbr:WMKE-CD dbr:WQVC-CD dbr:WRCF-CD dbr:ZUUS_Latino dbr:American_Sports_Network dbr:PBS_Kids dbr:2014_in_American_television dbr:2016_United_States_wireless_spectrum_auction dbr:2017_in_American_television dbr:2018_in_American_television dbr:KPJK dbr:Milwaukee_PBS |
| is dbp:owner of | dbr:WLEP-LD |
| is foaf:primaryTopic of | wikipedia-en:LocusPoint_Networks |