Radio News

FCC's FM Auction 98 Ends

August 26, 2015

Auction 98 ended earlier this month after 51 rounds of bidding. In total 59 bidders won 102 stations. Together the permits sold for a combined $5,083,700 but was reduced to $4,121,140 after subtracting credits for first time buyers and buyers holding few than four stations. Prices ranged from $610 for a permit in Memphis, Texas to $714,000 for a permit in Westfield, New York by Erie Radio Company. Other notable sales include Iris Media's bid of $421,000 for a permit in Columbia, Missouri, and Alpha Media's bid of $408,000 Harper, Texas. 29 of the permits didn't receive any bids and many of those are likely to appear in a future FCC auction.