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

Locus Point Network  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 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.