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.[1] 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 $6 million.[2] 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.[3] In September 2017 the San Mateo Community College District reached a deal to sell KCSM-TV to the Northern California Public Media owned KRCB.[4] 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.[5] The lawsuits were settled in 2019, with the district receiving $5.5 million from PricewaterhouseCoopers 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.[6]
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 $3,994,492 and WQVC-CD would be surrendering its license in exchange for $11,196,327.[7] LocusPoint surrendered the licenses for both stations to the FCC for cancellation on August 8, 2017.