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May 25, 2013
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FCC Cashes In on Spectrum AuctionPosted on Mar 19, 2008
After two months and 261 rounds of bidding, the FCC announced Tuesday that it has raised a total of $19.6 billion from the sale of the U.S. wireless spectrum. The revenue, slated to fund “public safety and digital television transition initiatives,” is nearly double what Congress had previously estimated for the publicly owned spectrum.
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By samosamo, March 19, 2008 at 9:44 pm Link to this comment
So where is the money really going to go? And I thought these bands were to be given away to the favorites just as they were not too many years ago, I believe on clinton’s shift.
Report thisBy DennisD, March 19, 2008 at 3:34 pm Link to this comment
(Unregistered commenter)
The revenue, slated to fund public safety and digital television transition initiatives, - what kind of 1984 “newspeak” is that?
I’ll bet it funds the Iraq etc. war like everything else. If not there’s always a corporation looking for a handout.
I’m surprised it doesn’t read “Rupert Murdoch buys entire spectrum.”
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