Each station licensee that successfully bid to relinquish some or all of its spectrum in the reverse auction will receive a share of auction proceeds based on its winning bid. Before the commission can distribute incentive payments, a winning bidder must certify its agreement, acknowledge specified payment terms and provide information on where the incentive payment should be made.
FCC Spells Out Auction Payment Procedures
The FCC on Wednesday released instructions for full-power and Class A broadcasters and multichannel video programming distributors who anticipate receiving incentive and/or reimbursement payment(s) following the incentive auction.
They describe essential steps that payment applicants must take before receiving incentive payments based on winning reverse auction bids or payments from the Television Broadcaster Relocation Fund for expenses eligible for reimbursement.
The public notice also describes and explains FCC Forms 1875 and 1876 that payment applicants must use to provide the commission with directions for making payments.
Read the full public notice here.
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