Computer Mogul Michael Dell Stands to Reap Billions From FCC Auction – Wall Street Journal
Billionaire Michael Dell has been scooping up local TV stations across the country in recent years. Now, he stands to make as much as $4 billion from a government effort to buy back those airwaves.
In more than a dozen deals since 2011, a company controlled by Mr. Dell’s investment fund has spent about $80 million on independent TV stations, according to government records.
The purchases include about $5 million for a…