Univision to Get $376 Million From Incentive Auction; Raycom's WUAB Cleveland to Change Channel
Univision will receive about $376 million in incentive auction proceeds, while Raycom didn't announce its monetary gains but said it will be relinquishing spectrum in the Cleveland market. Univision's gains are on the higher end of the results announced by…
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major broadcasters. Fox and Sinclair were each over $300 million, Gray Television announced a yield of $90.8 million, and Tribune Media $190 million (see 1702100064). CBS and Scripps didn't sell any or much spectrum in the auction, they said. Raycom Media “strategically evaluated opportunities that could bring value to the company yet not compromise our core mission to serve our local communities,” Raycom's news release said. Its WUAB Lorain “will relocate to another broadcast channel per published FCC timelines,” Raycom said.