Auction 84 ended Tuesday with $891,500 in provisionally...
Auction 84 ended Tuesday with $891,500 in provisionally winning bids. Ten of the 22 AM construction permits (CP) to be auctioned were sold, according to the FCC auction results (http://fcc.us/1opfP0Y). Alexander Broadcasting won a CP in Stony Point Town, New…
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York, for $409,000, and Levine/Schwab Partnership won a CP in Culver City, California, for $409,000, the FCC said. Other CPs were won in Montoursville, Pennsylvania; Micanopy, Florida; and Spring Valley, Nevada. Unsold markets include Lebanon, Tennessee; Colorado Springs; and Lovelock, Nevada. Five CPs sold for the minimum bid and the remaining five sold after active bidding, a broadcast attorney said. While the lack of interest may be attributable in some measure to the much-reported disadvantages to which the AM industry is subject, other factors certainly came into play, Fletcher Heald attorney Raymond Quianzon said in a blog post (http://bit.ly/1hKeElq). The only eligible bidders were applicants who had filed applications in 2004, he said. After 10 years of waiting, “it’s understandable that applicants may have lost their lust for an AM in, say, Kuna, Idaho ... or Windsor, Va.,” he said.