The FCC announced the issuance of a further allocation of the TV Broadcaster Relocation Fund in the amount of $742 million to reimburse eligible full power and Class A broadcasters and multichannel video programming distributors (MVPDs) for expenses related to the construction of station facilities on reassigned television channels. With this further allocation, Eligible Entities have access to a total of $1.742 billion. This represents approximately 92.5 percent of their currently verified cost estimates, but the FCC stressed that individual invoices that are approved for payment are being paid in full (i.e. 100 percent), up to the total amount of the station or MVPD’s allocation.
Posted: April 16, 2018