The San Mateo Community College District announced plans to liquidate peninsula public television in partnership with the Blackstone Group hedge fund.

The District's board meeting agenda for an upcoming board meeting on Wednesday May 15th at 6:00pm at 3401 CSM Drive (at Parrot) in San Mateo lists the following item: Item 13-5-105B - Approval to Enter Into Cooperative Agreement Between Locus Point Networks and KCSM-TV.

Locus Point Networks, whose bid documents (with a great deal of information blacked out by the District) can be found here, is 99% owned by the Blackstone Group, one of the largest banking/hedge fund collaboratives in the world.

Blackstone, which can be compared to Mitt Romney's Bain Capital and the Bush-connected Carlyle Group in the scope of their malignant effects on the global and local economies, was recently the object of a divestment effort by CALSTRS, (The California State Teacher's Retirement System), later joined by several public employee retirement funds, including Los Angeles, New York and Massachusetts.

See http://www.huffingtonpost.com/peter-dreier/gun-industry-divestment_b_2679942.html

The District plans to announce that it has selected to partner with the Blackstone Group to cease public broadcasting operations while rejecting numerous bids from not for profit entities committed to carrying on the non-commercial and educational mission of the license - and of the District itself.

To send an email saying Blackstone is not a option, click here.