OTA Sheds TV Properties That Didn’t Move In Incentive Auction

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OTA Broadcasting was one of the big winners in the FCC’s Incentive Auction, pocketing hundreds of millions of dollars for giving up the spectrum for eight Class A TV stations and two full-power facilities.


But, OTA didn’t get bids on all of its properties in Auction 1000, and it has now agreed to three separate deals involving a total of 7 Class A TV stations—and one hedge fund that’s swooped in to claim them all.

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