What if no one wants to sell their spectrum?

dkreichen1968

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That’s a very real possibility, as Sinclair Broadcast Group CEO David Smith explained when he got the inevitable question from a Wall Street analyst about proposals to have television licensees return more spectrum for voluntary auctions – sharing proceeds with the federal government.

Smith questioned why any broadcaster with a viable TV business would be interested in participating. In his view, it is unlikely that the would-be purchasers from the wireless telecom side would be willing to bid so much money for the spectrum that it would be an offer the current licensee would be unable to refuse. (And Smith didn’t even mention that the broadcaster gets only an as-yet-unspecified percentage of the proceeds after splitting with the US Treasury, as opposed to getting 100% of the proceeds from simply selling their station.)

Sinclair may be cautious about Q3 trends, but the company isn’t even close to worrying about the viability of its business.
Read and Listen to More: What if no one wants to sell their spectrum? (audio) - Radio & Television Business Report
 
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