Stage 3 of the FCC's broadcast incentive spectrum reverse auction closed Thursday with broadcasters seeking $40.3 billion for 108 MHz of spectrum. The FCC had said earlier that the day after Stage 3 of the reverse auction ends, it would announce the start date and initial bidding schedule by wireless companies for Stage 3 of the forward auction, Monday, Dec. 5. If the $40.3 billion total is not met, the process resets with a lower MHz target.    --  TVNewsCheck, December 1, 2016 4:24 PM EST