Adam Raguesea

[Commentary] The biggest potential hazard [for public stations in the aftermath of the incentive auction] is that some stations might not even get the money they’ve won. Remember that half of public TV stations are licensed to some bigger organization, like a university or government, which presents a number of editorial conflicts of interest. Here, it also presents a financial conflict: The license-holder gets the spectrum auction money, not the station. In the best-case scenario, a handful of organizations that were lucky enough to own expendable spectrum in electromagnetically crowded places will be able to use their proceeds to permanently endow their existence. That presents one more hazard: complacency.

[Adam Ragusea is a journalist in residence and visiting assistant professor at Mercer University’s Center for Collaborative Journalism.]