FCC FM Auction 98 Closes, $4.1 Million In Bids
August 7, 2015 at 4:17 AM (PT)
While the television spectrum auction has been getting all the attention, the FCC has been auctioning off FM construction permits in FM Auction 98, with 59 of the 88 qualified bidders bidders winning 102 of the 131 permits after 10 days and 51 rounds. The FCC took in $4,121,140 in the auction.
The top bid was for a permit at WESTFIELD, NY (ERIE, PA market), with THE ERIE RADIO COMPANY, LLC bidding $714,000, followed by IRIS MEDIA, LLC bidding $421,000 for a permit at COLUMBIA, MO and ALPHA MEDIA taking a permit at HARPER, TX (HILL COUNTRY, near FREDERICKSBURG) for $408,000.