LocusPoint Picks Up Another Top 20 Market Station

After acquiring mostly unaffiliated stations in New York, Orlando, Philadelphia, Tampa and other markets, LocusPoint Networks has agreed to acquire Class A station WLPH Miami for $5.1 million. LocusPoint has Blackstone Group as a limited partner. It is fronted by Ravi Potharlanka and Bill DeKay, both who come from the wireless industry. Potharlanka indicated to B&C that LocusPoint hopes to sell spectrum at auction, but expressed some frustration with what he called a lack of transparency on the matter at the FCC.

Marksteiner AG is the seller; Gunter Marksteiner is president.

M.C. Alcamo & Co. represented the seller and Patrick Communications represented the buyer.

LocusPoint focuses on low power stations in major markets. On April 23, it agreed to acquire W33BY Detroit for $1.63 million, following deals for WDVB New York for $20 million, WMGM in the Philadelphia market for $6 million and WRCF Orlando for $1.25 million, among others.

Michael Malone

Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.