AM AUCTION 84 SCHEDULED

It only took about 10 years, but the FCC has scheduled a “closed” auction for certain applicants that filed new AM station applications in a 2004 window.  Closed auctions limit qualified bidders to the original qualified applicants identified by the FCC, so unless you are one of those, you cannot bid.  The Auction is slated to being on May 6, 2014 and will include 22 AM construction permits.  We note that the opening bid amounts for these permits – assuming that the qualified applicants remain interested in them – are unusually low.