Broker: Forward Auction Halted For Oversupply

By on Oct, 20 2016 with Comments 0

By Adam R Jacobson

The sudden stop to the second stage of the FCC’s Forward Auction on Wednesday came as no surprise to Stephan Sloan, a Providence-based broker for Media Services Group.

“We were not shocked by this outcome,” he tells RBR + TVBR. 

But, Sloan warns not to call the surprising halt to the forward auction’s second stage a flop.

Rather, this is a welcomed move that will accelerate the process needed to bridge the gap between wireless communications companies and TV broadcasters who were over-promised a financial windfall by none other than FCC Chairman Tom Wheeler himself.

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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