iHeartMedia will get a new FM CP in Sacramento after bidding more than $6.1 million in a just-concluded auction held by the Federal Communications Commission.
The FCC held Auction 109 for new FM and AM construction permits. Sixty-seven bidders won a total of 97 CPs. (Here’s the list of winning bids in PDF form.)
The commission said the auction raised about $12.3 million in bids.
Half of that total came from a single winning bid by iHeartMedia’s iHM Licenses LLC, which won the Class B FM CP on 107.9 MHz in Sacramento, Calif.
The second largest net winning bid was from Radio Brands for a permit in Sanger, Texas, at about $2.3 million for a Class C3 on 104.1.
No other CP went for more than $300,000, and most were far less than that.
The smallest winning bid was $750, from Mekaddesh Group Corp. for a Class A FM CP in San Isidro, Texas on 98.9.
No one bid on 38 of the FMs, nor the four available AM construction permits. The AM CPs were available after four stations in the St. Louis area had their license renewals dismissed by the commission’s administrative law judge in the Entertainment Media Trust case last year.
The auction winners must pay their down payments by Aug. 26. At the end of the process, licenses will be issued for an eight-year term.
