June 16, 2009June 16, 2009

Post - Auction Payment and Post - Auction Payment and Filing RequirementsFiling Requirements

FM Broadcast Auction (Auction 79)

Linda Sanderson Auctions Marketing Specialist, ASAD

Lisa Scanlan, Assistant Division Chief, Audio Division

DisclaimerDisclaimer

Nothing herein is intended to supersede any Nothing herein is intended to supersede any provision of the Commission's rules or public notices. provision of the Commission's rules or public notices. These slides should not be used as a substitute for a These slides should not be used as a substitute for a prospective applicant's review of the Commission's prospective applicant's review of the Commission's relevant orders, rules, and public notices. relevant orders, rules, and public notices. Prospective applicants must familiarize themselves Prospective applicants must familiarize themselves thoroughly and remain current with the Commission's thoroughly and remain current with the Commission's rules relating to the FM Broadcast service, rules rules relating to the FM Broadcast service, rules relating to application and auction procedures, and relating to application and auction procedures, and the procedures, terms and conditions contained in the procedures, terms and conditions contained in the Auction 79 public notices.the Auction 79 public notices.

Closing Public NoticeClosing Public Notice(FedEx Mailing)(FedEx Mailing)

Released approx. 2-3 business days after Released approx. 2-3 business days after the auction closes the auction closes

Includes: Includes: List of winning bidders and bid amounts for each List of winning bidders and bid amounts for each

permitpermit Payments (down payments and final payments) Payments (down payments and final payments)

owed by each bidder and/or refunds dueowed by each bidder and/or refunds due Instructions for when and how to make payments Instructions for when and how to make payments

and file FCC Form 301and file FCC Form 301

SOLD! What happens next?SOLD! What happens next?

A Down payment is required to be on A Down payment is required to be on deposit within 10 business days after the deposit within 10 business days after the release of the Closing Public Notice.release of the Closing Public Notice.

A Final payment is required to be on A Final payment is required to be on deposit within 10 business days after the deposit within 10 business days after the deadline for submitting down payments.deadline for submitting down payments.

Within 30 calendar days after the release Within 30 calendar days after the release of the Closing Public Notice FCC Form of the Closing Public Notice FCC Form 301 must be filed electronically.301 must be filed electronically.

Down PaymentsDown Payments

Must have on deposit with the FCC sufficient funds Must have on deposit with the FCC sufficient funds to cover 20% of net amount of winning bid(s).to cover 20% of net amount of winning bid(s).

Due within 10 business days of Closing PN release.Due within 10 business days of Closing PN release. If applicable, a partially completed FCC Form 159 If applicable, a partially completed FCC Form 159

will be sent to winning bidders.will be sent to winning bidders.

Final PaymentsFinal Payments

Must have on deposit with the FCC Must have on deposit with the FCC sufficient funds to cover the balance of the sufficient funds to cover the balance of the net amount of its winning bid(s).net amount of its winning bid(s).

Due within 10 business days after the Due within 10 business days after the deadline for submitting down payments.deadline for submitting down payments.

If applicable, a partially completed FCC If applicable, a partially completed FCC Form 159 will be sent to winning bidders.Form 159 will be sent to winning bidders.

Method of PaymentMethod of Payment

Wire Transfer onlyWire Transfer only

Fax FCC Form 159 to U.S. Bank at least Fax FCC Form 159 to U.S. Bank at least one hour before sending wire transferone hour before sending wire transfer

Must use same FCC Registration Number Must use same FCC Registration Number (FRN) used on Form 175(FRN) used on Form 175

FCC Form 301 – Application for FCC Form 301 – Application for Broadcast Construction PermitBroadcast Construction Permit

Submit a Form 301 for each FM allotment Submit a Form 301 for each FM allotment for which you are winning bidderfor which you are winning bidder

File Form 301 electronically through File Form 301 electronically through Media Bureau CDBS electronic filing Media Bureau CDBS electronic filing systemsystem

Feeable Feeable Post-auction long forms require certain Post-auction long forms require certain

auction-related exhibitsauction-related exhibits

Accepted for Filing Public NoticeAccepted for Filing Public Notice

Released by Media Bureau during course Released by Media Bureau during course of long-form review.of long-form review.

Will use CDBS “Broadcast Applications” Will use CDBS “Broadcast Applications” public notices, listing application as public notices, listing application as “Accepted for Filing.”“Accepted for Filing.”

Triggers the ten day Petition to Deny Triggers the ten day Petition to Deny period.period.

Grant Public NoticeGrant Public Notice

Will use CDBS “Broadcast Actions” public Will use CDBS “Broadcast Actions” public notices, listing application as granted. notices, listing application as granted.

Permit is mailed to permittee’s address.Permit is mailed to permittee’s address.

Three year construction period.Three year construction period.