Reverse Auction to End Stage 4 Jan. 13
The reverse portion of Stage 4 of the incentive auction is expected to end Jan. 13, the Incentive Auction Task Forcesaid on the auction Public Reporting System Wednesday. The reverse auction will proceed with three rounds a day until Monday,…
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and then go to four rounds a day, the PRS said. That schedule would cause the nominal final round, round 52, to fall on Jan. 13, but if two additional rounds are needed, the schedule will go to five rounds on Jan. 13 to end the auction on that day. “It is possible for the auction to take up to two additional bidding rounds beyond the point at which the base clock price has reached $0 if the final bidding status has not yet been determined for any VHF stations,” the IATF said.