September 8, 2016 —
Last week stage one of the forward auction failed the raise enough money to clear the broadcasters’ spectrum. As a result, the FCC will reduce the target spectrum and start over with bidding in a reverse auction on Sept. 13.
The FCC’s proposed incentive auction of broadcast television spectrum will allow broadcasters to bid to voluntarily relinquish their spectrum rights in exchange for a share of the proceeds from an auction of the re-purposed spectrum to parties who will bid on licenses for flexible use.
The FCC needed to raise $88.4 billion in the forward auction, but only reached $22.4 billion in net proceeds. The initial target spectrum clearing target of 126 megahertz will be reduced to the 114 megahertz in advanced of stage two.
The spectrum in stage two of the incentive auction will consist of 90 megahertz, or 9 paired blocks, of licensed spectrum, which will be offered in the forward auction on a near-nationwide basis.