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FORWARD AUCTION RESULTS
ROUND 1
GETS CLOSE!
BUT $17.7 BILLION IN BIDS ONLY
MEANS $1.2239 PER MHZ POP WHICH IS
LESS THAN THE $1.25 FIRST COMPONENT RULE
STAGE 4-ROUND 1 RESULTS
FOR ALL 416 PEA
So what does this all mean for LPTV and translators? It means first that we have to wait for additional rounds, with round 2 this afternoon. And it also means the sellers and buyers are real close. With the Round bidding up to $17.7 billion, and averaging $1.22 per MHz pop vs the $1.25 needed to close, well, let's see if the deep pocketed bidders can add a few pennies here and there to make it all work.
See what the trade press is saying...
"On Tuesday afternoon, the Federal Communications Commission said it was changing the first component of the final stage rule, which must be met to close the auction: "Beginning in Stage 4, the first component of the final stage rule is no longer based on auction proceeds, but instead will be met when the average price per MHz/Pop for Category 1 blocks in the high-demand PEAs (PEAs 1-40) is at least $1.25 per MHz/Pop."
"The spectrum auction ain't over 'til it's over, which is when the final stage rule is met, but the fact that forward auction bidders are back bidding again and the number is up to $17.7 billion ( $17,749,517,087 to be exact) is definitely progress."
And if this auction closes later today or tomorrow, then here is the tentative schedule, with the final one coming up a few weeks after the auction close.
Again, this is not a final schedule, just an estimate which can be off by many months. The FCC has built into the overall 39 month repacking process some slack related to LPTV, and the final PEA clearing schedule. And we will not know the exact final channels until the primaries have had a chance to CP modify.
MORE LATER TODAY AFTER ROUND 2
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