On December 7, 2011, the San Mateo County Community College District announced plans to sell KCSM-TV, due to budgetary constraints as well as an operating deficit of $1 million. KCSM radio would continue operations as usual. All bids in response to the initial request for proposals to purchase the television station were rejected on October 24, 2012 and the district subsequently issued a second request for proposals. On May 15, 2013, the district approved an agreement with LocusPoint Networks, who will provide a $900,000 annual subsidy for up to four years and then split the proceeds of an auction of its spectrum allocation sometime in the next few years. The KCSM-TV spectrum is expected to be sold for upwards of $10 million to wireless communication companies.