incentive auction

Net proceeds after round five of the TV spectrum incentive forward auction reach just over $10 billion on Thursday afternoon, the third day of bidding.

The first week of the TV spectrum incentive forward auction concluded with bids totaling 12 percent of the $88 billion goal.

Upfront payments from bidders for relinquished TV spectrum are due July 1, the Federal Communications Commission announced today.

The 67-page document details the process for using its auction software platform, which spit out a clearing target of 126 MHz last week based on how many TV stations will go on the auction block.

Broadcasters asked $10 for 84 MHz in the fourth stage of the TV spectrum incentive reverse auction, which concluded as scheduled on Friday, Jan. 13.

The TV spectrum incentive action is going into lightning rounds as the prices inch up in a handful of smaller markets where demand continues to exceed supply

Demand continued to exceed supply in cities such as Corpus Christi, Texas; Evansville, Ind.; Hannibal, Mo.; South Bend, Ind.; Valentine, Neb.; and Red Oak, Iowa, to name a few.

Broadcasters approved to participate in the TV spectrum incentive auction will not be able to pull out of the starting round after today.