Univision is the latest broadcaster to reveal how much it made off the FCC’s broadcast incentive auctions.
The Spanish-language programmer said it expects to receive about $376 million in net proceeds.
Like other broadcasters who’ve also shared proceeds expectations, Univision did not mention specific stations affected but said that the proceeds “reflect the FCC's acceptance of one or more bids placed by the company and certain channel sharing partners during the auction to surrender spectrum currently used by certain of their television stations.”
The auction concluded last week, ending with a $10 billion clearing cost for the reverse auction and about $19 billion in proceeds from the forward auction. Of the roughly $10 billion in proceeds going to broadcasters, TVNewsCheck points out that only about $1.6 billion has been announced so far.
Broadcast groups including Fox Television, Sinclair Broadcast and Tribune Media have all announced expected proceeds.
Sinclair is expecting $313 million in gross proceeds from the auction and, like other broadcasters that have already released similar news, is expecting no material impact to its operations or results due to the auction.
Fox TV is expecting about $350 million, and Tribune Media is expecting $190 million in proceeds.
Yet some broadcasters are coming away from the auction with nothing. During its earnings call this week, CBS said that it backed out of the broadcast spectrum auction once it saw how low clearing costs had fallen. Last week, E.W. Scripps similarly revealed it made nothing off the auction and cited plummeting prices.
"We pursued several channel-share arrangements with ourselves and other broadcast partners that would have allowed us to continue to operate our stations and serve our local communities while supporting the government in its attempt to recapture some broadcaster spectrum," said Brian Lawlor, senior vice president of broadcast for Scripps, in a statement. "However, none of the spectrum we or our partners offered was selected during the auction process because the prices available in the auction fell below the value we ascribed to it. Scripps will continue to serve each of our local communities using our full spectrum capacity as allocated by the FCC."