FCC Reverse Auction Set To Acclerate
Starting with Round 20 on Tuesday at 10am Eastern, the second stage of the FCC’s reverse auction will be going into a bit of a hyperdrive.
That’s when the Commission will shift from a pair of daily two-hour trading sessions seen through Rounds 1 through 19, to three hour-long trading sessions set for 10am, 1pm and 4pm.
The move is designed to increase the rate at which it will be taking prices downward, as the FCC accomplishes by a given percentage in each round.
This schedule will continue until further notice.
Given the accelerated schedule, the second round of the broadcast incentive auction will likely conclude by Columbus Day (Oct. 12) or thereabouts.