Shareholders for Verizon, AT&T, and other companies that paid big money in the 700 MHz auction may want to check the fine print and hold back on final payment. Thanks to a quirk in the FCC’s rules, the NFL, the MPAA, and other users of “broadcast ancillary services” (BAS) may have superior rights in the spectrum.
I’ve written a longer and more technical version of this on my Tales of the Sausage Factory blog. But for those without the patience for the long story, here’s the quick version of what may turn out to be the funniest and most expensive joke in FCC history.