FCC Allocates $742 Million in Repacking Reimbursement Funds

to reflect the additional reimbursement funds recently provided by lawmakers. With this allocation full-power broadcasters have access to $1.74 billion -- nearly the whole of the original $1.75 billion repacking reimbursement fund. The PN includes a revised cost estimate of $1.88 billion for the repacking based on the funding requests submitted by broadcasters as of April 9. That’s down from the $1.95 billion estimate released by the agency in March, though the PN also says the repacking costs are expected to rise going forward. Broadcasters and broadcast attorneys have said the industry widely estimates the final cost of repacking full-power TV stations will be $2.5 billion. “Only a small fraction” of repacked entities are currently approaching the limit of their initial allocation funding, the PN said, but allocating the additional funds will allow those entities to “execute their post-auction construction.” With the original repacking reimbursement funds largely spoken for, the agency is expected to begin drawing on the additional funds provided by Congress, attorneys said. Though broadcasters welcome the additional allocated funds, the PN isn’t likely to trigger a wave of repacking spending, said Wiley Rein broadcast attorney Ari Meltzer. Broadcasters have been expecting a large second allocation since Congress added the additional repacking funding, he said. NAB praised the release of the funds, in a statement. "This additional repacking funding is critical to the 149 public television stations that are being repacked," said America's Public Television Stations CEO Patrick Butler in a statement. The money will allow noncommercial stations to pursue their goals without "fear of going off the air for lack of sufficient funds to complete the post-auction transition."