FCC Allocates $1B In Initial Repack Funding

On Monday, the FCC announced the initial allocation from the TV Broadcaster Relocation Fund for the reimbursement of eligible full power and Class A television stations as well as multichannel video programming distributors impacted by the Incentive Auction. The initial allocation of the Relocation Fund makes available $1 billion for reimbursement of expenses related to the construction of their post-auction facilities. Commercial stations and MVPDs may now access approximately 52% (62% for noncommercial stations) of their estimated and verified costs of construction of their post-auction facilities.