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LocusPoint Closes On $20 Mil Low Power New York Station

LocusPoint Networks has closed on a deal to acquire WDVB, a low power station licensed to Edison, N.J. and broadcasting in the New York DMA, for $20 million. The seller was Edison Broadcasting. Deepak Viswanath is a partner at Edison.

Ravi Potharlanka and Bill deKay are co-founders of LocusPoint. Late last year, LocusPoint paid $1.25 million for low-power WRCF Orlando.

Patrick Communications brokered the deal.