On August 11, 2015, the Federal Communications Commission (FCC or Commission) released a Public Notice that sets forth the procedures that will govern competitive bidding in Auction 1000, the first-ever incentive auction of broadcast television spectrum. As we mentioned previously, the Procedures PN establishes March 29, 2016 as the “date on which bidding will begin” in the auction, although active bidding rounds actually will begin at a later date. The Commission affirms that the decisions detailed in the Procedures PN implement its overarching objective for the auction: to allow market forces to determine the highest and best use of spectrum. The Procedures PN establishes rules for the following key elements of the auction: (1) Initial Clearing Target Determination Procedure; (2) Opening Prices; (3) Reverse Auction Bidding; (4) Forward Auction Bidding; (5) Assignment Round (Forward Auction); and (6) Final TV Channel Assignments
We have prepared a detailed summary of the Procedures PN. Please contact any of the attorneys listed above, or the attorney who regularly handles your FCC matters, if you are interested in obtaining a copy.