US TV spectrum auction ends with stations banking billions | Broadcast | News | Rapid TV News
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Sinclair Broadcast Group expects to receive an estimated $313 million of gross proceeds from the just-concluded TV spectrum incentive auction in the US.

SinclairBroadcasters were asking for an aggregate $10 billion to clear 84MHz of spectrum that has been freed up by the transition from analogue to digital TV. The largest local TV station conglomerate in the US, Sinclair has 173 affiliates in 82 designated market areas (DMAs), broadcasting a total of 480 channels. But it didn’t bring in as large of a haul as FOX TV, which garnered $350 million from the proceedings.

Other station groups that have announced their totals include Tribune ($190 million), Gray ($91 million) and Central Michigan University in Flint ($14 million).

Central Michigan University will take the money and run, so to speak: it plans to end its public broadcast transmissions three months after the sale closes, given that “99% of the viewers of the Flint station reside in areas that are served by other public broadcasting stations”.

The auction ended on Friday (10 February).