Reverse Auction Ends Stage 3 With $40B Clearing Cost


After 52 rounds of bidding, Stage 3 of the FCC’s reverse auction concluded Thursday afternoon at 3:30 p.m., eliminating the need for two further hour-long bidding sessions designed to ensure a timely end to this stage of the broadcast incentive spectrum auction.

Bidding concluded with a new clearing cost of exactly $40,313,164,425. The new clearing target is 108 MHz, representing 80 MHz of licensed spectrum.

As RBR + TVBR reported Nov. 28, Stage 3 of the FCC’s Forward Auction is expected to begin on Monday.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.