Broadcasters Set New $40 Billion Spectrum-Clearing Price

The third stage of the Federal Communications Commission's broadcast incentive spectrum auction closed Dec 1 after 52 rounds, with the broadcasters' new asking price now $40,313,164,425 for 108 MHz of spectrum. That is less than half of the broadcasters' original asking price, though that was for more spectrum. The FCC has said stage three of the forward auction is likely to begin Dec. 5, with all eyes on whether those bidders—wireless companies and others—will beat, meet, or at least approach that total. Beating or meeting it means the auction can close and the FCC can start the process of repacking TV stations into the smaller space, at least after there is a second mini-auction to allocate specific frequencies to the winning bidders.