FCC Auction 88 Nets $1.4 Million
July 23, 2010 at 4:31 AM (PT)
The FCC's Auction 88 of 11 commercial FMs, 1 commercial translator, and one AM has reached Round 15, and after 14 rounds, 13 provisionally winning bids are listed, with HAWKEYE COMMUNICATIONS, INC.'s $499,000 bid for a new FM in ROSENDALE, NY the priciest item.
HAWKEYE outbid SACRED HEART UNIVERSITY for the frequency. Next highest is SOUTH SHORE BROADCASTING for NORTH MADISON, OH ($319,000), followed by JEM BROADCASTING CO. INC. at GREENWOOD, AR ($255,000) and MACDONALD BROADCASTING CO. at TRAVERSE CITY, MI ($224,000).
The total Potential Winning Bid amount at this stage is $1,780,000, netting the Commission $1,373,550.