System/Policy

Private equity gobbling up public TV stations: what does the public get?

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Public stations in Connecticut and San Mateo may be at the leading edge of a mass sell-off of public media assets in next year’s FCC spectrum auction. These stations have entered into agreements with LocusPoint Networks, a subsidiary of the private equity firm Blackstone Group, whereby LocusPoint shoulders the stations’ operating costs until the auction and then takes a significant share of the auction revenue after the station has sold its spectrum to wireless bidders. These deals have to be disclosed to the FCC, but their details do not. When the spectrum is auctioned, stations  may receive tens of millions of dollars for their spectrum, especially in congested coastal areas. This money is unrestricted and can go back into community-based digital media, or into university gyms, or into a city’s general treasury.

System/Policy

Governing board rejects final bids for San Mateo’s KCSM

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Trustees of the San Mateo County Community College District in California have rejected offers from two finalists vying to acquire KCSM-TV, a pubcasting station that was put up for sale in December 2011 after accruing an $800,000 deficit. The two bidders were San Mateo Community TV Corp., aligned with Independent Public Media and headed by former pubcasters John Schwartz and Ken Devine; and FM Media TV Inc., affiliated with Public Media Co., an independent arm of Public Radio Capital. Six entities initially bid for the station. San Mateo Community TV Corp. offered $5.8 million, and FM Media TV Inc. bid $7 million, according to public records that the Bay Area advocacy group Media Alliance posted on its website.

System/Policy

San Mateo college district puts KCSM-TV up for sale

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As expected, the San Mateo County (Calif.) Community College District announced Dec. 7 it is seeking a buyer for public broadcaster KCSM-TV. In June, the college district said it was selling the station to end its predicted $800,000 structural deficit. Independent Public Media, a nonprofit consortium headed by WYBE founder John Schwarz and former WNET exec Ken Devine, has already signaled its interest in keeping the channel available for public media (Current, Oct. 17).

System/Policy

San Mateo’s KCSM-TV nears sale with two bid finalists

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The two remaining finalists bidding for KCSM-TV in San Mateo, Calif., are local groups aligned with Independent Public Media and Public Media Company. The bid amounts have not been disclosed. Independent Public Media is headed by former pubcasters John Schwartz and Ken Devine, who are working to preserve noncom TV licenses for the public system. (Current, Oct. 17, 2011).

System/Policy

Pubcasters, Daystar and others are eyeing KCSM bids

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Potential bidders for pubcaster KCSM-TV in San Mateo, Calif., put up for auction by its college licensee, include both religious broadcasters and names well known in public media. Daystar Television, a growing religious network that has bought pubTV channels in Dallas and Waco, Texas, and bid for them in Orlando, Fla., and Orange County, Calif., was on the attendance list for the San Mateo Community College District’s pre-bid meeting Jan. 10. Also on the list were former WNET exec Ken Devine of Independent Public Media, a nonprofit that aims to preserve spectrum for public media (Current, Oct. 17);  Ken Ikeda and Marc Hand of Public Media Company, an affiliate of Public Radio Capital; Booker Wade, head of the Minority Television Project and non-PBS pubTV station KMTP in San Francisco; and a rep for Stewart Cheifet Productions, which created Computer Chronicles, a show that ran on public TV for 20 years, ending in 2002.