By Jenna Ebersole (January 24, 2017, 8:59 PM EST) -- An experimental incentive auction launched by the Federal Communications Commission to clear a chunk of spectrum for wireless use is set to wrap soon, but experts say the outcome is far from a resounding success and the revenues for many broadcasters are well short of expectations.
Outgoing FCC Chairman Tom Wheeler last week announced that bidding by participants in the forward auction was sufficient to ensure that the event would close in its current fourth stage, and that it "has delivered on its ambitious promise." Broadcasters will collect a combined $10.05 billion, 70 megahertz of spectrum will be completely cleared, and 14 megahertz...
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