Television and radio station owner Casa Media Partners LLC is preparing to sell off some of its unused broadcasting airwaves at a government-run auction that begins next week after a bankruptcy judge approved that participation, the Wall Street Journal reported today. With his signature, Judge Robert Mark cleared Casa Media Partners to sell unused spectrum at the Federal Communications Commission’s multibillion-dollar auction that begins on March 29 and will likely take months to complete. During the sale, the government will buy broadcast television licenses, rearrange the airwaves and then sell licenses for cellular service, giving TV stations a way to cash out of an asset that is likely more valuable for wireless operators.
