LocusPoint Closes On $20 Mil Low Power New York Station

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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 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.