LocusPoint Closes On $20 Mil Low Power New York Station

By Michael Malone
( Broadcasting & Cable )
published

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.

Michael Malone
Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.