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Read this: It s Big TV vs. Big Telecom Over Broadcast Spectrum - Variety

Summary: The chaos has opened the door for profiteering by TV station owners who suddenly find themselves sitting on valuable real estate. Theres a buying spree going on in the upper reaches of the TV dial, the largely forgotten universe of UHF stations made up of many mom-and-pop owners who long ago gave up ambition in favor of a mix of home-shopping and reruns like Matlock. KTLN channel 47, which runs religious programming from a business park in San Rafael, Calif., sold for 8 million in 2011. -

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