Spectrum Lords.
American Prospect, The, June, 2001 by MARSHALL, JOSHUA MICAH
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In late March, when the National Association of Broadcasters held its annual Futures Summit in Pebble Beach, California, the assembled pack of Wall Street financial-analyst invitees presented the broadcasters with an astonishing but presumably welcome fact: Recent auctions in Europe and the United States indicated that the market value of the spectrum space--the airwaves over which television and radio are broadcast--that the license holders currently occupy could be as much as $367 billion.
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(To put that in perspective, the entire local broadcasting industry itself is worth only ...
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