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Post by yesterdaysnews on Nov 9, 2004 23:42:59 GMT -5
The bidding in southern Utah and across the border in Nevada is heating up! After 14 rounds of the FCC auction, the top Utah FM channel is Hurricane at $450k. A total of 4 bidders are vying.
Just over the NV border, Mesquite is up to $562k with 12 bidders while Overton is at $372k from 18 bidders. Could these be Las Vegas move-ins or rim shots? What about Caliente NV...couldn't it move in to Vegas too?? If so, bidding on it from a total of 10 bidders has topped out at just $41k.
So far the FCC has raised over $88 million dollars from this FM auction alone. Coming up...another day, another few million to go.
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Post by MoundofSound on Nov 10, 2004 16:28:37 GMT -5
Also, not to be over looked is Parowan, UT now sitting at $157,000.
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Post by yesterdaysnews on Nov 10, 2004 22:25:59 GMT -5
Hey Mound...good addition.
End of 18 rounds and what a shocker with Mesquite NV. Yesterday at the end of 14 rounds the high bid for Mesquite was $562k...today a HUGE increase to $1.423M. A bidder named NT Radio jumped the bid from the rest of the pack at $823k.
Hurricane is at $781k from all 5 bidders
Parowan at $190k from all 7 bidders
Overton NV has Hudson Broadcasting as high bidder at $966k
and Caliente NV with 7 bidders at a mere $73k.
FCC takes Thursday off with bidding to continue on Friday. Total eligible bidders have now dropped to below 300 from a high of over 400. Some channels are beginning to hold steady so activity is slowing!
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Post by yesterdaysnews on Nov 14, 2004 7:12:25 GMT -5
Bidding for the week ended on Friday after another 4 rounds with nothing in southern Utah finalized.
Hurricane - $1.14M
Parowan - $278k
Over the border in NV the two potential move-ins to Las Vegas have attracted significant bidding. Seven bidders are still vying for Mesquite which is currently at $2.08M and 6 bidders are still going at it for Overton at bids of $2.06M.
Bidding resumes on Monday the 15th with the FCC moving to SIX bidding rounds per day. Seems as though it won't be long before bidding will be complete.
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Post by yesterdaysnews on Nov 15, 2004 22:23:23 GMT -5
Another 6 bidding rounds completed and how do you justify the prices being paid to the FCC for these channels?
Hurricane - $1.26M
Parowan - $449k
Mesquite NV (obvious Vegas move-in) - $4M
Overton NV (also must be Vegas move-in) at $3.98M
Matter-of-fact Mesquite and Overton are number 2 and 3 respectively of highest bids in the over-all auction. Devine & Buzil's College Creek Broadcasting has the high bids on most of these channels. They hold 45 standing high bids totaling over $30M.
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