Radio Group Owners Take In Big Money From FCC TV Repack Auction
The FCC has announced the results of the Broadcast Television Spectrum Incentive Auction as $10.05 billion will be dispersed from wireless providers to licensees who either will turn in their station’s license or move to a VHF frequency.
Many of the recipients of the $10 billion plus windfall will be going to groups that own radio licenses. Among the groups taking in money that perhaps will be reinvested in radio operations are:
Univision is getting $411,223,861 for WXFT Aurora IL, WXTV Paterson NJ and WWSI Atlantic City NJ.
Entravision will receive $263,592,981 for four television licenses: KSMS-TV Monterey CA, WJAL Hagerstown MD, WMDO-CD Washington DC, and WUVN Hartford CT.
WGBH Educational Foundation which operates WGBH-FM and WCRB Boston will gain $218,767,868
for moving WGBH-TV Boston to low band VHF and WGBY-TV Springfield MA to high band VHF.
720 WGN Chicago owner Tribune Media will receive $172,101,583 for WDCW Washington DC and WPMT York PA.
Mereulo Media, owners of 93.5 KDAY Rendondo Beach CA, will receive $123,474,177 to move KWHY Los Angeles to low VHF.
Family Stations will receive $120,974,061 for WNYJ-TV West Milford NJ.
San Francisco Bay Area public broadcaster KQED Inc. receives $ 95,459,109 for KQEH San Jose.
Binnie Media will receive $68,081,337 for WBIN-TV Derry NH.
Hearst, owners of 1090 WBAL and 97.9 WIYY Baltimore, will receive $50,464,592 for WNNE Hartford VT.
LM Communications gains $20,656,456 for WBKI-TV Campbellsville KY.
Spanish Broadcasting Systems will net $4,737,874 for WTCV San Juan PR.
The biggest single station windfalls went to Trinity Broadcasting Network who will receive $304,250,040 for the license of WWTO-TV LaSalle IL and NBC Telemundo which will gain $214,023,017 for WNBC New York (who will likely merge into sister WNJU Linden NJ’s license).
The full list of stations receiving payments can be seen here.