Again, NAB? Let's focus on the facts about spectrum
Today, the NAB circulated what is best described as another misinformation blog posting masquerading as an economic study by Navigant. Here is a quick response from CEA's Vice President for Regulatory Affairs Julie Kearney, who we worked with on the broadcast spectrum white paper, and me. The principal points of the paper are:
- You can't have an incentive auction unless broadcasters are incented to participate --boy is that profound!
- You can't look at past auction revenues as a guide for what future auctions would yield (or recent sales prices either) -- want to tell us what would be better indicators Mr. Eisenach?
- You don't know all the details of what the FCC might decide...so let's just ignore the whole thing and hope it goes away.
- Last, but not least, the NAB funded piece never offers any alternative predictions of auction revenues or what would incent broadcasters to participate -- why put your facts on the table when taking pot shots is safer and more fun?
- For broadcasters who choose to participate, the mechanism will allow spectrum to be moved to a higher economic purpose in an efficient manner.
- For broadcasters who wish to continue to be broadcasters, the incentive auction means only that they may be required to change channels at no cost to them.