FCC FM Auction 93 Nets Under $4 Million, Awards 93 Permits
April 6, 2012 at 3:46 AM (PT)
After 37 rounds, the FCC's FM Auction 93 has awarded 93 construction permits to 56 bidders, with 26 permits left unawarded.
Gross bids as of THURSDAY totaled $4,467,550 with net bids at $3.826,338. A permit at TISHOMINGO, OK, awarded to TEXOMA BROADCASTING, was the most expensive at $309,000, followed by permits at CLOVERDALE, CA (REDWOOD EMPIRE STEREOCASTERS, $261,000), PORT ANGELES, WA (OWENSVILLE COMMUNICATIONS, LLC, $208,000), and CULVER, IN (KANKAKEE VALLEY BROADCASTING CO., INC., $200,000).