Radio News
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.