Date: October 20, 2005
Creator: Moore, Linda K & Kruger, Lennard G
Description: The Congressional Budget Office has informally estimated a value of $10 billion from auction proceeds for these commercial channels; many believe the amount could be higher. Broadcasters are holding this valuable spectrum (channels 52-69) but would be required to relinquish it after the transition to digital television (DTV) is achieved. Without a hard deadline, the transition to digital television has been delayed and the spectrum has not been made available for other uses. Congress anticipates applying some of the proceeds received from auctions of the spectrum to be cleared to help meet deficit-reduction goals passed in H.Con.Res. 95.
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