The FCC should reschedule Auction 94 to April 8, 2013,...
The FCC should reschedule Auction 94 to April 8, 2013, from March 26, 2013, the law firm of Fletcher Heald said in comments filed with the agency (http://xrl.us/bntpeq). The delay will let applicants focus on other events between those two…
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dates, including a FM radio renewal application deadline, a TV renewal application deadline, the filing deadline for Form 499-A, and several religious holidays, including Good Friday when financial markets will be closed, it said. “As minimum bids increase, so too will the requirements for bidders to secure capital,” it said. “Unfortunately, if the auction begins on March 26, 2013, the capital markets will be closed three days later.” That could force some bidders to unnecessarily withdraw from the auction if they can’t confirm funding, it said.