An MA public records request reveals that Blackstone Group subsidiary Locuspoint Networks has the absolute right to force a sale to any bidder if an FCC spectrum auction does not ensue in 4 years, including for example, a christian chain broadcaster.

The public records request, one of many made by Media Alliance since 2012 that have been delayed and censored numerous times by the District's Board of Trustees, uncovered a document that outlines an agreement that if Locuspoint Networks, a fully-owned for-profit LLC subsidiary of the nation's largest hedge firm Blackstone Group, does not acquire a spectrum auction bid to meet the Districts minimum acceptable number (which is blacked out of the documents secured by the public records request), or if an FCC spectrum auction does not occur within the 4-year duration of the agreement, Locuspoint may exercise an option to force a sale to ANY FCC-qualified bidder with no district right of refusal. Blackstone Group would receive 38% of the proceeds from the sale of the license.

This removes any discretion regarding the outcome of a license sale from the license owner and potentially hands over an enormous public television signal to any not for-profit-buyer that the nation's largest hedge firm finds acceptable.