I can't escape the press hype and spin around the FCC's ongoing 700 MHz auction, despite the fact there really isn't much news. As a result, folks are echo chambering each other -- with the exception of myself and fatlefty.
What is amazing is how the coverage just turns on a dime, and reminds me of the election coverage. the data confirms what "everybody knows" until it doesn't, then suddenly "everybody knows" something else. Thus, as we rolled into the auction, with the destruction of D Block bidder Frontline and the credit crunch, the general air was one of doom and gloom. So the coverage of the first week was about how slowly everything was moving and how it looked bad for the FCC auction. This after Round 4 of an auction likely to go over 100 rounds.
This prompted fatlefty to post this piece on the shallowness and idiocy of such coverage, along with some comparisons to the August 2006 auction which showed that this auction was actually more aggressive and therefore more likely to bring in the big bucks.
And now, low and behold, the coverage has changed. People are noticing that bidding is moving briskly for an auction like this. Although people continue to be morons about the impact of the anonymous bidding rules and how it will likely impact players.
Last time, I went to Pennsic and skipped all this idiotic early round nonsense. Obviously I need to take a vacation somewhere with no internet access until late February.