2 thoughts on “Conn. network strikes deal with LocusPoint on proceeds from spectrum auction

  1. So, I’m wondering…the asset sold was originally purchased and operated as a non-profit (charitable) entity. CPBN is selling that asset and presumably re-directing the proceeds toward similar charitable purposes. But doesn’t the amount of money need to be disclosed to provide transparency to the donors whose money paid for the asset in the first place? If non-disclosure is allowed, could a station completely sell out of its license and operation without disclosing how much and to what purpose the proceeds would go? I understand it is a business deal, but the since the asset is critical to carrying out the charitable purpose isn’t disclosure important?
    Just wondering…

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