Fox TV Plans to Sell Airwaves for Smartphones at U.S. Auction
- Fox CFO Nallen says company wants to get value for stations
- Auction next year a chance to sell and buy airwaves for mobile
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Rupert Murdoch’s 21st Century Fox Inc. intends to sell TV-station airwaves at a U.S. government auction next year, boosting the prospects for a sale designed to funnel choice frequencies to mobile phone providers.
The Fox stations will continue to broadcast but on other frequencies approved by U.S. regulators and “we still will continue to have a thriving local TV business,” Fox Chief Financial Officer John Nallen said Wednesday.