System/Policy
Los Angeles’ KOCE will earn $49M from channel-sharing deal in FCC spectrum auction
|
The Los Angeles station will restructure its debt and set up an investment fund to support service expansions.
Current (https://current.org/series/spectrum-auction/page/5)
Results of the FCC spectrum auction were released in April 2017, with dozens of public media licensees earning close to $2 billion by selling their spectrum for use by wireless companies. The aftermath is still playing out, with many TV and radio stations required to move to new spectrum, and some TV stations that sold spectrum seeking to stay on the air through channel-sharing deals. Stay up to date with our ongoing coverage.
The Los Angeles station will restructure its debt and set up an investment fund to support service expansions.
The FCC will initially cover 90 percent of station expenses, but some stations may have to carry forward a portion of costs.
The stations air a mix of international programming, including some locally produced shows.
Licensee Ohio State University is giving all proceeds to its WOSU in Columbus.
State networks in Maryland and Mississippi are among those facing big engineering projects.
The San Bernardino Community College District announced Monday that the FCC accepted its bid to move to a VHF channel.
As the spectrum auction winds down, the FCC plans to open another opportunity for stations to negotiate channel-sharing deals.
University president Wayne A. I. Frederick said the school “voluntarily withdrew from the auction when it became apparent that the relatively low yield would not justify relinquishing the university’s rights to broadcast WHUT.”
The station plans to invest the proceeds in programming.
KRCB’s location was “considered prime real estate by mobile providers,” the station COO said.