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FCC Adds $742M to Broadcasters’ Airwaves Relocation Fund (1)

April 16, 2018, 6:57 PMUpdated: April 16, 2018, 8:13 PM

The Federal Communications Commission added $742 million to its fund to reimburse broadcasters moving to different parts of the airwaves after a recent FCC reshuffle of spectrum licenses.

The additional money puts broadcasting companies, such as Sinclair Broadcast Group Inc., closer to recouping the costs of relocating after giving up some of their airwaves licenses to wireless carriers, such as AT&T Inc. and T-Mobile US Inc., in a recent FCC auction.

The $742 million, combined with $1 billion already allocated to the FCC fund, would cover 92.5 percent of broadcasters’ costs “currently verified” by the FCC, the agency’s media bureau ...

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