Companies Spend Millions on TV Stations to Sell in Government Auction
39 stations likely headed for auction in 2014
A number of companies are buying TV stations not for the glamour of the broadcasting business, but for the megahertz. Betting that TV spectrum will bring a tidy profit when it is sold in the government's upcoming spectrum auction, six companies have spent $345 million to buy 39 TV stations over the last two years, per SNL Kagan, a leading tracker of broadcast station sales transactions.
The report provides an early glimpse into just how much spectrum the auction, which the Federal Communications Commission anticipates for 2014, may be able to offer for sale to wireless services.
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