Fact Sheet

Date:

Auction 70 began on 3/7/2007 and closed on 3/26/2007.

Licenses:

120 construction permits for FM broadcast stations (1)

Spectrum
Various vacant allotments (88 MHz to 108 MHz) See Public Notice DA 06-2248 and 47 CFR 73.202.
Bandwidth:

200 kHz per construction permit

Winning Bidders:
60 Bidders won 111 Permits
Rounds:
83
Qualified Bidders
114
Licenses Won:
111
Licenses Held by FCC:
9
Total Licenses:
120
Net Bids
$21,301,175
Gross Bids:
$24,488,400

1. DA 06-2466, dated 12/5/2006, removed CP MM-FM607-C2 from auction No. 70. This PN reduced the number of construction permits from 121 to 120.
General information and associated licensing parameters are provided below. Public Notices provide specific information regarding this auction. This fact sheet includes:
Event Date
Pre-Auction Seminar
Form 175 (Short Form) Application Filing Window Opens
12/6/2006; 12:00 noon ET
Form 175 (Short Form) Application Filing Deadline
12/19/2006; 6:00 pm ET
Upfront Payments Deadline
2/5/2007; 6:00 pm ET
Mock Auction
3/5/2007
Auction Start
3/7/2007
Auction Closed
3/26/2007
 
Pursuant to the policies established in the Broadcast Competitive Bidding First Report and Order, in this auction applicants may apply for any vacant FM allotment as specified in Public Notice DA 06-2248, Attachment A; applications specifying the same FM allotment will be considered mutually exclusive and, thus, the construction permit for that FM allotment will be awarded by competitive bidding procedures. The Commission will use an electronic simultaneous multiple round format for this auction.
   
A New Entrant Bidding Credit will be available for this auction. Eligibility and application requirements for the New Entrant Bidding Credit are specified in Public Notice DA 06-2248. Applicants that qualify for the New Entrant Bidding Credit are eligible for a bidding credit that represents the amount by which a bidder’s winning bid is discounted. The size of a New Entrant Bidding Credit depends on the number of ownership interests in other media of mass communications that are attributable to the applicant and its attributable interest holders:
  • A 35 percent bidding credit will be given to a winning bidder if it, and/or any individual or entity with an attributable interest in the winning bidder, has no attributable interest in any other media of mass communications;
  • A 25 percent bidding credit will be given to a winning bidder if it, and/or any individual or entity with an attributable interest in the winning bidder, has an attributable interest in no more than three mass media facilities;
  • No bidding credit will be given if any of the commonly owned mass media facilities serve the same area as the proposed broadcast station, or if the winning bidder, and/or any individual or entity with an attributable interest in the winning bidder, has attributable interests in more than three mass media facilities.
Bidders intending to divest a media interest or make any other ownership changes, such as resignation of positional interests, in order to avoid attribution for purposes of qualifying for the New Entrant Bidding Credit must have consummated such divestment transactions or have completed such ownership changes by no later than the short-form filing deadline (see “Key Dates”). Prospective bidders are reminded, however, that events occurring after the short-form filing deadline, such as the acquisition of attributable interests in media of mass communications, may cause diminishment or loss of the bidding credit.
 
47 C.F.R. Part 73