Round Six: FCC’s Spectrum Auction Bids Top $11 Billion | Broadcasting & Cable

If the early rounds are any indication, it will be a long road to the $88 billion-plus the FCC needs to generate in bids on 126 MHz of reclaimed broadcast spectrum to pay those broadcasters and cover other expenses.The auction is actually structured to go multiple rounds, and the FCC will likely have to reduce that spectrum target at least once—to 114 MHz initially.With six rounds completed in the forward portion of

Source: Round Six: FCC’s Spectrum Auction Bids Top $11 Billion | Broadcasting & Cable