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


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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