New FM radio stations can be built, but only after a 2027 government auction
What happened
The US communications regulator will auction off permits to build new FM radio stations. Companies that want to start a new radio station will have to bid for these permits in early 2027.
Why it matters
The US communications regulator regularly auctions off airwave rights. This specific auction means new FM radio stations can be built in certain areas. This opens up opportunities for new local broadcasters or media companies. It also means existing broadcasters might face new competition.
The signal
Watch for the final rules on minimum bids and procedures, which will show how expensive or difficult it will be to acquire these permits.