Ron Burgundy Posted March 20, 2016 Share Posted March 20, 2016 By Malathi Nayak NEW YORK (Reuters) - A quiet decision by private equity firm Blackstone Group LP to recently sell three TV stations may foreshadow uncertain returns for some selling TV airwaves and lower wireless demand in the U.S. government's upcoming spectrum auction, industry watchers say. The U.S. Federal Communications Commission's auction, which kicks off on March 29, will sell low-frequency airwaves held by TV broadcasters to wireless companies and other bidders. Blackstone-controlled investment vehicle LocusPoint Networks LLC bought at least 16 stations from San Francisco to Miami, spending $66 million since 2012, according to FCC filings and data from research firm SNL Kagan. View the full article Quote Link to comment Share on other sites More sharing options...
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