EOBC: FCC Auction Lowball Could Hit 1,100 Stations - Multichannel

EOBC: FCC Auction Lowball Could Hit 1,100 Stations

Proposed Valuation Is A False Measure Meant to Cap Payments
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The Expanding Opportunities for Broadcasters Coalition says that the FCC's proposed formula for pricing initial offers in the broadcast incentive auction undervalues 1,000 stations and, unless it is changed, will "snatch auction failure from the jaws of success."

The EOBC represents over 80 stations potentially willing to give up spectrum for the auction at the right price, but EOBC executive director Preston Padden has been trying to convince the FCC that the price will not be right if the commission diverts from valuing a station based on its impact on repacking.

In the recently released public notice on implementing the auction framework Report and Order released last May, the FCC provided detailed proposals including basing part of the station valuation on population served, which Padden says is irrelevant to a station's interference profile and was only included to drive down the price.

Read more at B&Chere.

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