The Australian Broadcasting Authority will auction twonew commercial radio licences, one for Sydney and one for Campbelltown onWednesday 24 May 2000.
By the advertised deadline of 27 April 2000, the ABA hadreceived 13 applications for the Sydney licence and 9 applications for theCampbelltown licence.
Auctions for the licences will be held in the NorthernPavilion, Darling Park, 201 Sussex Street (corner of Market Street), Sydney.Registered applicants must check in between 8.30 am and 9.45 am, with auctionsexpected to commence at 10.00 am.
Only registered applicants may bid for a licence. Thebidders’ identities are confidential with only the winning bidder announced atauction.
There is a reserve price of $500,000 for the Sydneylicence and $100,000 for the Campbelltown licence.