With spectrum auction looming, dozens of TV stations change hands

03/1/2013 | TVNewsCheck (free registration)

Since 2011, 39 TV stations have been purchased by various companies, selling for a total of almost $345 million, a study by SNL Kagan finds. The sales come ahead of an expected Federal Communications Commission incentive auction of spectrum scheduled for 2014. "While averages for wireless spectrum comps are still far above those paid for the TV station spectrum at benchmarks typically north of $1 per MHz per pop, it is still unclear how much the wireless players will bid at auction and how the mechanics of the auction and distribution of proceeds will work for TV station owners," SNL Kagan notes.

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