TV Station Must Finalize $6.4M Sale After Contract Breach
By Bryan Koenig (August 26, 2015, 5:42 PM EDT) -- A California federal judge on Wednesday ordered the owner of a Philadelphia television station to complete the station's $6.4 million sale to the spectrum auction middleman accusing it of breaching its obligations, finding that the owner failed to disclose complicating regulatory problems with the U.S. Federal Communications Commission.
U.S. Magistrate Judge Jacqueline Scott Corley granted plaintiff LocusPoint Networks LLC summary judgment on a breach of contract claim over some warranties and ordered Wyoming-based defendant DTV LLC to complete the agreed-upon $6.4 million sale of the station, WPHA-CD. While Judge Corley found it an undisputed matter of law that DTV didn't disclose...
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