Ten Years Ago: FCC Auction Falls Flat

FCC AUCTION FALLS FLAT
[SOURCE: Wall Street Journal 4/24/1997, AUTHOR: Bryan Gruley]
Ten years ago, the WSJ reported that television broadcasters were thrilled because the FCC's latest round of spectrum auctions was not going all that well. Broadcasters wanted the auctions to be unsuccessfully because it would increase their chances of being able to hold on to their analog television channels longer. (Ten years later, they still have the spectrum for another two years.) Then-FCC Chairman Hundt said he was not that surprised by the sub par bidding because the FCC didn't give the industry enough advanced notice about the auction.
http://online.wsj.com/PA2VJBNA4R/article/SB861837936921552500-search.htm...
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