As expected, the third stage of the FCC’s Forward Auction begins this morning.
The first round of bidding will begin at 10 a.m. Eastern, with a two-hour round.
A second two-hour round will then occur at 2 p.m. Eastern.
This schedule will be used each business day until further notice, the FCC notes.
As RBR + TVBR reported on Friday (12/2), Stage 3 of the FCC’s reverse auction concluded Thursday afternoon at 3:30 p.m., eliminating the need for two further hour-long bidding sessions designed to ensure a timely end to this stage of the broadcast incentive spectrum auction.
Bidding concluded with a new clearing cost of exactly $40,313,164,425.
The new clearing target is 108 MHz, representing 80 MHz of licensed spectrum.
The costliest chunks of spectrum is, to little surprise, in New York. That’s where the clock price for spectrum sits at a towering $501,113,000. The opening round price is $477,249,780.
In Los Angeles, a chunk of spectrum is going for a clock price of $407,914,000, with an opening round price of $388,489,000.