FCC to Release Additional Repack Funds

According to a report in Broadcasting & Cable, the FCC will  release an additional appropriation of repack funding over the next four to six weeks. The move comes after the FCC announced it has received verified and unverified post-auction repack expenses totaling $1.95 billion.

The move was praised by the National Association of Broadcasters.

“We intend to work with policymakers to ensure that broadcasters are quickly and fairly compensated for these expenses. Our overriding goal is a successful repack that protects viewers and is completed as expeditiously as possible,” said NAB’s Dennis Wharton.

The FCC signaled that there would be multiple allocations to cover expenses related to moving to new channels after the auction. The agency also signaled that the $1.75 billion would not be enough.

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