May is one of the few months without the normal list of quarterly filings and EEO public file reports. But, just because there are none of these regular filings due, that does not mean that the month will be a quiet one for broadcasters on the regulatory front. In fact, far from it. There are obligations for television broadcasters in connection with the incentive auction and the subsequent repacking of the TV spectrum, an FCC meeting that will start two proceedings that could dramatically reduce the regulatory burdens of broadcasters, and comments due on the FCC’s proposal for the next generation of television broadcasting.
In connection with the incentive auction, on May 11, stations that are relinquishing their channels in exchange for compensation from the FCC must file an FCC Form 1875 detailing where payments for that relinquishment will go. After that information is received and processed, the FCC will send an email to the payee asking for bank account information that must be entered into the “CORES Incentive Auction Financial Module.” Stations looking for their auction payouts need to observe these details so the FCC knows where to send their money. Continue Reading