Spectrum Auction Update

The head of the National Association of Broadcasters says the spectrum auction has been a disappointment, but The Economist insists the auction is still a model to be followed elsewhere. A Vermont PBS station reaped a windfall in the auction, while a New Hampshire station brought in a lot of money for its owner but will be shut down. Howard University opted not to sell its TV license and pulled out of the spectrum auction. The auction will expire at the end of March.