“Once-in-a-lifetime opportunity”: Local news could see a windfall from the FCC’s spectrum auction

Last year, the Federal Communications Commission launched an auction that will allow broadcasters to sell all or parts of their broadcast spectrum, which could then be purchased by wireless carriers looking to expand their reach. Some analysts initially projected that just public TV stations could bring in as much as $6.8 billion, but given the complex nature of the auction and the number of stations actually participating, that total is now reportedly expected to be much less. However, stations in big markets could still be very valuable. The state of New Jersey, for instance, owns four public TV licenses that could be valued at up to $2.3 billion, according to reported federal estimates. Though New Jersey lawmakers have lowered their expectations for a potential windfall, the advocacy group Free Press last month launched a campaign to encourage New Jersey and other public station license holders participating Continue reading "“Once-in-a-lifetime opportunity”: Local news could see a windfall from the FCC’s spectrum auction"