Auction 37 wheezes to a close
The value of high standing bids closed well below the high water mark as the 62nd and final round of FCC Auction No. 37 was gaveled to a close. 110 bidders walked away with at least one station, and in all, 258 of the 288 sticks on the block were claimed. The total spent, after poking as high as the mid-180M dollar level, ended up at about 147.5M, an average of 571.5K per stick. College Creek was number one, picking up 38 CPs for 35.556M dollars. The clock is running for the winners. They need to construct their station and file a license to cover CP to get their official license and turn the station on. Once that happens, they'll be good to go for eight years.
Adelstein says hello to his once and future home
Jonathan Adelstein issued a brief statement upon his reconfirmation by the Senate, which resulted in his first full term on the Commission retroactive to summer 2003 and running until 6/30/08. He said, "As a lifelong public servant, it is especially gratifying to be given such a rare opportunity to continue to work on behalf of this great country. The issues before us are critical to our economy and touch people in deeply personal ways. I will continue to promote the interests of the American public in having access to the best possible communications opportunities in the world."
NABEF seeks minority/female TV managers
The NAB's Education Foundation is seeking candidates for four Professional Fellowships to be awarded to people of color and women to attend the NAB Management Development Seminar for Television. The seminar provides attendees professional business skills to prepare them for the next step in their career and counts toward a station's required outreach activities under EEO rules. The seminar will take place July 24-29, 2005 at Northwestern University. The fellowships are made possible through the support of the McCormick Tribune Foundation.
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