On January 24 a strange transaction will take place. At least $4.6 billion dollars will change hands between one or more firms and the FCC. The likely payoff is estimated to be somewhere between $10 and $30 billion.
Up for grabs is the government-granted monopoly for “beach front” radio frequencies, which are being ceded over from analog transmission for digital use (channels 52â€“69).
So where does all of that money go?
In terms of revenue generation, the FCC is second only perhaps to the IRS in extracting wealth from citizens and businesses. FULL ARTICLE