LU auctions off spectrum rights for TV station for $23.1M - Lynchbur...

08/01/17


LU auctions off spectrum rights for TV station for $23.1M
Lynchburg News and Advance
Liberty President Jerry Falwell Jr. said LU purchased the TV station in 2013 for $1 million after it went bankrupt. The sale of the spectrum usage rights gave Liberty a $22.1 million windfall. The sale was part of the Federal Communications Commission ...

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