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In response to "Broadcast stations do not participate in spectrum auctions like cell phone companies, satellite TV networks, and other companies. Yes ..." by ReluctantCynic

How would "buying the spectrum" lead to "investing in developing their own resource"?

The "investment" was all done 75 years ago. What would selling that spectrum get us, the American people? Nothing. They're already paying to use that spectrum. There would be no benefit whatsoever of simply selling it.

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