&gt; Low-value broadcast television is a by product of auctioning spectrum and maximizing profit.<p>Broadcast television spectrum wasn&#x27;t allocated by auction. It was allocated by government bureaucrats deciding what was most important.<p>&gt; If something is a public good, it isn&#x27;t in the public&#x27;s good to maximize the profit.<p>It&#x27;s in the public&#x27;s interest to maximize the economic revenues generated from the resource.