Obama Campaign Donor Wins FCC Waiver From Auction Rules
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A private-equity company owned by a campaign donor to U.S. President Barack Obama won a waiver from the Federal Communications Commission that may help it bid in airwaves auctions.
Grain Management LLC may not have qualified for benefits reserved for small businesses because airwaves leases to AT&T Inc. and Verizon Communications Inc. caused it to exceed the program’s income limits, the company had said in an FCC filing. The agency has adopted a waiver, an FCC spokesman, Neil Grace, said yesterday in an e-mail without providing details.