21st Century Fox said Wednesday it expects to receive about $350 million from its participation in the auction. Tribune Media said it expects to grab $190 million.
Congress and the FCC initiated the process that lead to last year’s auctions back in 2009 amid concerns that the nation’s Wi-Fi capacity was in danger of being overtaxed amid the exponential growth in demand for communication and video consumption via mobile and wireless streaming devices.
In the auction, broadcast TV station owners had the option of putting up for sale a portion of the broadcast spectrum licensed to them by the FCC in order to operate their stations using the public airwaves. Now that America’s TV stations have transitioned to all-digital broadcasting, as