Is that right?

That is absolutely right.

By the way, Evan Kwerel at the FCC, the same guy who I worked with in nineteen eighty-three, deserves a lot of credit for this, because he understood that if you had to acquire specific licenses, you'd have little local monopolists everywhere.

If, if all you need to acquire is a certain amount of, of, uh, spectrum in an area, and then you can move everybody into whatever remains, then you could get competition going.

So that was understood by a couple guys at the FCC, and they encouraged Congress to write the law that way.

But there was even more that was related to that, because when we first started on this problem, it wasn't clear that you wanted to buy and pull television stations.

Uh, it might be that, well, there was a little bit of interference that would be created, and maybe I could buy the right to interfere with five percent of your customers.

[laughs]