Everyone’s wallet gets light from time to time. In the late 1950s and early ‘60s, Willie Nelson was so broke, he sold the rights to several of his most well-known songs for less than what a full tank of gas would cost today. “I needed fifty dollars!” he later recalled. In hindsight, the idea of letting the rights to “Crazy” go for a paltry ten bucks seems, well, crazy. Unfortunately Congress may be on the verge of making the same sort of short-sighted mistake with its proposed plan to sell off TV broadcast spectrum as a method of raising a small amount of revenue in the short-term. read more
It works for beanie babies and baseball cards, why not for chunks of the broadcast spectrum? Google has proposed the FCC set up a real-time auction system for part of the broadcast TV spectrum that will likely go on sale in 2009 as UHF stations (channels 51-69) vacate traditional broadcasting frequencies for digital broadcasting. The change over is mandated by law.
The spectrum real estate will be particularly valuable to companies wanting to set up new wireless broadband networks. read more