Connecticut Public Broadcasting Network will receive $32.6 million in auction proceeds through a complex three-way spectrum deal involving two of its stations — WEDY in New Haven and WEDW in Bridgeport. Both stations will continue broadcasting under channel-sharing arrangements, though details are confidential due to a non-disclosure agreement. Spectrum relinquished by WEDY, which will share channels with WEDW, generated $18.9 million, according to the FCC’s April 13 announcement of auction results.
The Connecticut Public Broadcasting Network plans to relinquish the spectrum assigned to WEDW Bridgeport, one of four stations in its statewide network, in the FCC’s upcoming auction. Under its agreement with spectrum speculator LocusPoint Networks, the pubcaster received an undisclosed cash payout from LocusPoint and will share a portion of its future auction proceeds with the company.