The financial and technological proposals are incredibly complicated, but they provide the kinds of details that broadcasters have wanted to see before they decide whether to let the federal government auction to broadband providers some of the airwaves now used for TV. The process being circulated by FCC Chairman Tom Wheeler includes a reverse auction, where station owners would indicate how much cash they want for their spectrum and can drop out if the bidding is too low. There’s also a forward auction, where wireless companies would raise their offers in successive rounds. When it’s all done, the FCC will repack the spectrum — making usage efficient by assigning new channels to the broadcasters who stay on the air. There’s also a plan to accommodate low-power TV, translators, and wireless microphones that will be affected by the changes. “Whether television broadcasters participate in the Incentive Auction will be purely voluntary, but participation in the Incentive Auction does not mean they have to leave the TV business,” Wheeler says in a blog post. “New channel-sharing technologies offer broadcasters a once-in-a-lifetime opportunity for an infusion of cash to expand their business model and explore new innovations, while continuing to provide their traditional services to consumers. We will ensure that broadcasters have all of the information they need to make informed business decisions about whether and how to participate.” The plan would make additional spectrum available for WiFi.
FCC Chairman Circulates Draft Rules For TV Spectrum Auction
What's Hot on Deadline
Hallmark Channel Upfront Presentation Canceled Due To Storm; Net Makes Announcements, Including ‘When Calls the Heart’ Renewal, At Central Park Event
Ryan Murphy On '9-1-1's Ratings Success, Season 2 Details, Connie Britton's Future On the Show & Potential Spinoff Series
'Star Wars: The Last Jedi' Deleted Scene Features Tom Hardy, Prince Harry & Prince William As Storm Troopers
'Once Upon A Time' Series Finale: Ginnifer Goodwin, Jennifer Morrison, Josh Dallas & Emilie de Ravin Returning
'The Assassination Of Gianni Versace' Season Finale: What Does Designer's Murder Mean 20 Years Later?
Latest Business News
- Facebook’s Mark Zuckerberg Offers Apology On CNN For Data Leak: “This Was A Major Breach Of Trust”
- On Eve Of AT&T-DOJ Trial, Media Business Weighs The Stakes
- Rosario Dawson, Rubén Blades Contribute To Comics Anthology ‘Ricanstruction’ Benefiting Puerto Rico…
- Andrew McCabe Investigated Jeff Sessions About Russian Contacts Months Before Sessions Sacked Him: ABC News
- Disneyland’s Pirates Of The Caribbean Ride Makes Some Changes To Controversial Bride Auction Scene
- Meredith Plans 1,200 Layoffs & Will Sell Time, Sports Illustrated, Fortune And Money