Reverse Incentive Actions: Broadcasts Get Their Due

The broadcast industry has some choices to make.  They are being asked to free up spectrum based on an incenting them to return the spectrum to the government for resale to the carriers.

 

The value of the spectrum can be enhanced by the way the broadcast industry partners work together.

 

This spectrum shift requires planning.  To help we are gathering industry experts for a virtual event that will be streamed on October 19th 2012 and will be available in archive as this event.

 

http://www.tmcnet.com/webinar/crossfire/incentive-auctions.htm

 

The discussion will focus on challenges facing the television broadcasters as they decide whether to participate in the auction and how to calibrate their bids for optimal results. Participants will discuss the requirements in the Spectrum Act, the FCC’s recent Notice of Rulemaking Proposal (NPRM) as well as unresolved legal issues. Other panels will include a discussion of valuation and policy issues facing broadcasters.

 

As a virtual event there is a charge of $150 to attend, however government employees (this means you Congressional staff, FCC, NTIA etc.) should email me carl@crossfiremedia.com for free or per diem rates as needed.  3 hours of CLE credit are also available.

 

 

 

 

AGENDA

 

8:45 AM – 9:00 AM Introduction – Opening Remarks:

  • Harold Furchtgott-Roth, Former FCC Commissioner (Opening Remarks)
  • Barlow Keener, Keener Law Group (Introduction)

 

 

9:00 AM – 10:00 AM       Legal Perspective:

The Rules of the Auction Process

The opening panel will provide an overview of critical elements of the broadcast incentive auction as well as unsettled issues in the FCC’s recent NPRM. It will compare the upcoming reverse incentive auction with prior FCC auction processes. The panel will also discuss legal appeal process for the reverse incentive auction and potential pitfalls auction participants should consider.

  • Rebecca Hanson            FCC
  • John Hane                       Pillsbury Law
  • Brian Madden                  Lerman Senter
  • Marty Stern                      K&L Gates
    Moderator

10:00 AM -11:00 AM       Valuation:
Valuing The Reverse Auction Assets and Related Business Issues

The second panel will build on the legal explanation of the first panel. It will consider how the auction process and other factors will impact auction valuations and broadcasters decisions to participate. Panel topics will include general auction valuation expectations, variations in spectrum value by type of broadcaster and geography, and valuation considerations for broadcasters to consider when participating in the auction.

  • Coleman Bazelon            Brattle Group
  • Mark Fratrik                     BIA / Kelsey
  • Major Investment Bank   (Invited)
  • J. Armand Musey            Summit Ridge Group

Moderator

11:00 AM – 12:00 PM     Policy Perspective:

Important Social, Political and Economic Policy Implications

Our final panel will step beyond strict legal and economic considerations and evaluate the FCC’s goals versus those of the television broadcast industry. The panel will discuss issues including implications for news access in rural areas, implications for other FCC license holders, and other policy concerns.

  • Preston Marshall             Univ. of S. California
  • Fred Campbell                 CLIP
  • Trey Hanbury                  Hogan Lovells
  • Barlow Keener                 Keener Law Group
    Moderator

 

 

As you can see, we have gathered leading experts in the legal, financial and policy files to discuss the implications of the FCC’s upcoming television broadcast incentive auction on the television broadcasting industry.

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What’s to “Like” about the Facebook IPO

I have to tell you I feel for a lot of people on the Facebook IPO. Let me walk through my thoughts in as organized a manner as a maniac can get.

First of all I am proud of the general consumer of stock. A lot of Wall Street was expecting Facebook Frenzy and thought that the demand was going to give them a lot of people wanting Facebook at any price so the traders are the ones that have been hurt the most by the IPO. Given the fact that Wall Street continues to not recognize the pain on main street, maybe this can help them get on the Cluetrain.

Secondly, I feel for the employees of Facebook. In the past on another stock, I made the mistake of not declaring the value of my stock until required by law. The result was that my shares were valued at the price of the opening as income. The result at the end was that I owed the government 75% of the value of the stock by the time I sold it. (And Yet I am still a Liberal). My expectation is the Facebook employees will have a lot of guys like me in their mix, so I feel for them. This includes Eduardo Saverin who is trying to solve the problem of paying to much.

Third, I feel for NASDAQ and Morgan Stanley who were suppose to have a shining moment and ended up with egg on their face. These opportunities to learn from your mistake often come at the price of executives being removed, or worse the blame being misplaced. Either way, I feel for those involved.

Now for those of us still interested in investing in Facebook the stock restrictions end in about 85 days. I would say wait until those who were as ignorant as I and not as smart as Eduardo, sell to pay their taxes.
Then you can buy the stock. Don’t be surprised if that dip brings it down into the teens. Their a lot of people with stock and taxes to cope with.

And I feel for those people who are paying those taxes the most, since I am sure they will not see the benefits of being good citizens, just the cost.

And for those in that pain, I want you to know that I am “like” you.

Does anyone have enough time anymore to enjoy their Memories

– Does anyone have enough time anymore to enjoy their Memories.
For those of us in the US, I wish you an observant Memorial Day. Next Week I will be in the district and visit my aunt. Her father, my grandfather was a gun designer for the Navy. He was also a Sergeant during WWI, which he was promoted to since he was the only one of the farm boys that could read. Clearly our society has changed a lot particularly when you consider that our military is stationed in over 75% of the countries in the world. The reason we are in 75% of the world’s countries has more to do with commerce and commodities than with military aspirations. Perhaps we should make it an International Holiday. Or perhaps we should consider what an amazing transition from an agricultural isolationist pre 1917; to a literate International power in less than 100 years.

One thing that’s truly amazing to see is how the military solution that started the Internet has changed the world. If information is power, the Internet has shifted power more than any other military effort. Jonathan Stewart joked about the Afghanistan & Iraq wars after the Arab Spring started “couldn’t we have just tweeted”. The transitions in culture the Internet has caused are bound to continue. At Devcon5 I often ask Jason Hoffman to speak http://bit.ly/KkJ2Fu. He is the CEO of Joyent which competes with the likes of Amazon with their virtualized cloud offerings. He points out that data is a commodity business. From Wall Street we know that information has shelf life. I unfortunately am more of a historian, so often I stay focused on a piece of information that has grown stale for most money makers, but I believe you watch for the trends in the news.

The world assembles in China, but the components are coming from everywhere. It will be interesting to see as China’s role continues to grow what changes in the next 100 years. In replacing my phone’s hot spot capability, I went to a carrier that gave me two choices, Huawei or ZTE. While Sir Terry Matthews sold boards to the CEO of Huawei back in the 80’s now we see the rise of Chinese brands and by the way, I still believe we are going to see the rise of Chinese standards. While the world is focused on Frequency based LTE, I think the TDD standards, championed by China, are going to win out in the end. That’s one of the reasons our Crossfire Mobility Tech/ M2M keynotes http://bit.ly/K3WfVp include Hamid Ahmadi of Huawei with our friend Hossein Eslambolchi of 2020 Venture Partners http://bit.ly/L5iplB. The Internet commodity is transforming into more than transport and into services hence the further marketing term “Cloud”.

As a historian new marketing terms are often frustrating, (for example I should call myself a “curator”), the M2M cloud discussion has made the term Platform universal hence this week’s M2M article http://bit.ly/JFWKoE.

Speaking of being leery of marketing, I would like to know if Whitey Bluestein http://bit.ly/K3VtaS has some inside information when he suggests Apple should become an MVNO? Apple has a great relationship with Capital Cities who learned some hard lessons when they made the Disney and ESPN MVNOs. I hope Apple’s Tim Cook will take the time with Disney and not arrogantly think the Apple brand solves the problem of managing wireless networks.

Speaking of arrogance, I was asked to elaborate on my analysis of Facebook, so I am going to end with this link http://bit.ly/JFgioE. As we celebrate memorial day, let’s not let arrogance get in the way of our future together. Take the time to enjoy the memories, regardless of where you are.

A little green and way to Literal @EnVii

Our post about #DevCon5 got this response from @EnVii

@DevConFive since when is HTML considered a ‘programming’ language? hint: ‘M’ stands for ‘markup’

While the statement is true the reality is that Programming gets embedded into the markup and with the browser acting more like a client server model the programming calls are coming from the blend.

That is why Peter Lubbers now at Google who wrote the book Pro HTML5 Programming. It is also why Programming in HTML5 has over 45 M results.

But more importantly the reason its called #DevCon5 is that #HTML5 is the glue for the mix we are showcasing at the event. You should come and see the whole picture