Chairman of the House Energy & Commerce Committee says Congress will have to find the money to make up the difference between the $1.75 billion allocated for the post broadcast incentive auction repack and what it is actually going to cost and that he is on the case.
No.1 DMA New York topped the charts, with 10 TV stations carrying 29 networks selling for north of $1.4 billion.
Jean Kiddoo has been named chair of the Incentive Auction Task Force and that Hillary DeNigro will join her as deputy chair.
With the close of the FCC broadcast incentive auction last week, FCC Incentive Auction Task Force chairman Gary Epstein will be exiting at the end of the month, Epstein confirmed to B&C.
PBS SoCal KOCE, the flagship PBS station for Southern California, including Los Angeles, announced it earned $49 million in the FCC incentive auction and will invest the one-time revenues in content, broadband distribution platforms and its financial well-being.
T-Mobile was the big winner in the recently concluded TV spectrum incentive auction, followed by Dish and Comcast, according to Marci Ryvicker, senior analyst at Wells Fargo.
The auction results are in and the new TV channel assignments are out.
The incentive auction officially closed today and the TV channel repack officially began with the issuance of the Federal Communications Commission’s “Auction Closing and Channel Reassignment Public Notice,” which brought a round of reactions from broadcasters, observers and administrators.
Tribune Media expects $190 million in pre-tax proceeds from auction.