Fox Television Stations Announces FCC Spectrum Auction Proceeds

Feb 8, 2017  •  Post A Comment

Fox Television Stations, LLC, a unit of 21st Century Fox, announced today that the company expects to receive about $350 million in proceeds from the Federal Communications Commission’s recently completed reverse auction for broadcast spectrum.

“The anticipated proceeds reflect the FCC’s acceptance of one or more bids placed by Fox Television Stations during the auction to relinquish spectrum used by certain of its television stations,” the company announced. “This spectrum sale is not expected to lead to any material change in the operations or results for Fox Television Stations or for any of the affected television markets.”

The announcement notes that Fox Television Stations expects to receive the proceeds in the current calendar year.

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