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Broadcasters remain in spectrum hunt - Broadcasting & Cable

Broadcasters remain in spectrum hunt

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Through 27 rounds of bidding for two blocks of 700-megahertz spectrum, broadcasters LIN Television Corp., Banks Broadcasting and Capitol Broadcasting Co. Inc. were still in the thick of things, securing 38 high bids.

The leading high bidder -- Aloha Partners, with 79 -- counts Continental
Cablevision Inc. founder Amos Hostetter among investors.

Total offers stood at $102 million for 466 licenses. No bids had been
received for another 274 licenses.

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