In Auctions Of Airwaves, The Sky Seems To Be the Limit
As Assistant Secretary of Commerce under President George Bush, Janice Obuchowski was a passionate evangelist for what was then a radical idea: selling licenses to the nation's airwaves through auctions, rather than giving them away free. Today, such auctions are real, and Ms. Obuchowski is still a true believer. Only now, she is backing her convictions with nearly $2 billion.