LocusPoint Networks LLC was an owner of television stations in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The company is 99% owned by

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who h ...

. After selling off most of their in 2017 and 2018 in the

Federal Communications Commission The Federal Communications Commission (FCC) is an independent agency of the United States government that regulates communications by radio, television, wire, internet, wi-fi, satellite, and cable across the United States. The FCC maintains j ...

(FCC) spectrum auction and to other broadcasters, they owned one remaining station, WLEP-LD in

Erie, Pennsylvania Erie is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. It is the List of municipalities in Pennsylvania, fifth-most populous city in Pennsylvania and the most populous in Northwestern Pen ...

, whose license they turned in to the FCC effective February 12, 2019. One of the company's acquisitions,

WMGM-TV WMGM-TV (channel 40) is a television station licensed to Wildwood, New Jersey, United States, affiliated with the True Crime Network. It is owned by TelevisaUnivision alongside Vineland, New Jersey–licensed Univision owned-and-operated statio ...

, 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 TelevisaUnivision (formerly known as Univision Communications) is a Mexican-American mass media, media company headquartered in Miami and Mexico City that owns American Spanish language broadcast network Univision and free-to-air channels in Mex ...

, through its Univision Local Media subsidiary, for $6 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 $1 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 $5.5 million from

PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...

and $4.5 million from LocusPoint, and KCSM-TV was sold to KRCB for an additional $12 million. The district did not have to pay anything to either PricewaterhouseCoopers or LocusPoint. On April 13, 2017, the

(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 $3,994,492 and WQVC-CD would be surrendering its license in exchange for $11,196,327.FCC Broadcast Television Spectrum Incentive Auction — Auction 1001 Winning Bids
/ref> LocusPoint surrendered the licenses for both stations to the FCC for cancellation on August 8, 2017.

Former stations

* Stations are arranged in alphabetical order by state and

city of license In U.S., Canadian, and Mexican broadcasting, a city of license or community of license is the community that a radio station or television station is officially licensed to serve by that country's broadcast regulator. In North American broadcast ...

. *¹Translator of TCT

owned-and-operated station In the broadcasting industry, an owned-and-operated station (frequently abbreviated as an O&O) usually refers to a television or radio station owned by the network with which it is associated. This distinguishes such a station from an network af ...

WNYB, Sold to HME Equity Fund II on February 19, 2016.

References

{{reflist American companies established in 2012 Blackstone Inc. Companies based in Pleasanton, California Defunct television broadcasting companies of the United States Mass media companies established in 2012 Mass media companies disestablished in 2019