FCC

Speculators betting big on FCC TV spectrum auctions

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For the last few years, three well-funded buyout firms have been quietly picking up licenses to commercial and noncommercial TV stations in a gamble on big payouts from next year’s FCC incentive auction of television spectrum. Current’s research of FCC license applications filed since 2010 found at least 25 separate deals involving three firms: OTA Broadcasting, NRJ TV and LocusPoint Networks. The stations they’ve acquired to date are on the peripheries of major markets, primarily ranging from Boston to Washington, D.C., in the eastern U.S. and from Seattle down to Los Angeles along the West Coast. The three firms are all owned or funded by private equity firms that command billions in assets. Due to vagaries in the FCC’s reporting requirements, it’s likely that the commission’s records provide an incomplete picture of the companies’ purchases.

FCC

FCC authorized to auction off TV spectrum

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Legislation enacted last week to authorize FCC auctions of TV spectrum contains some protections for pubcasters, but broadcasters will face technical challenges that will exceed the difficulties of their transition to DTV just four years ago. The new law sketches out an extraordinarily complex process of auctioning off TV broadcast spectrum to mobile digital carriers and repacking reduced TV channels in the remaining spectrum, though many questions remain unanswered. The law now assures broadcasters that any spectrum giveback will be voluntary, for noncommercial and commercial operators alike. The FCC will not force any relocations from UHF to VHF or from high to low VHF channels. It will hold just one round of auctions, mandated for completion within 10 years, and one repacking to arrange the spectrum more efficiently.