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Domain Name Squatting - Mass .TV Auctions on GoDaddy.com
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There has been some serious domain name squatting - buying a domain name hoping to sell it for profit - and it involves some of the biggest television stations in the U.S. A Florida man, who apparently has no ties to television, bought up 285 four letter domains that end in .tv. Now he means to cash out and GoDaddy.com is handling the auction. It’s all perfectly legal, but television stations spend millions to develop their brands and can’t be too happy about having to bid to buy their call letters.
The call-letter domains include WCAU-TV Philadelphia and WTVJ-TV Miami, KPIX-TV San Francisco, KTVT-TV Dallas/Ft. Worth, and KCCO-TV Minneapolis/St. Paul, WTTW.TV (using the call letters of the famous PBS station in Chicago), WXIA.TV (the NBC station in Atlanta), and WDIV.TV (the NBC affiliate in Detroit).
According to the registrant's contract with GoDaddy.com, the well-known Internet registrar has the right to put the expiring domains up for public auction. There are 7 online auction sessions scheduled to automatically close at 7 different times between Saturday morning and Wednesday afternoon. Bidding for each domain starts at only $10, and bids can be placed by anyone on the Internet until the posted deadline.
Bids are already being placed anonymously on many of the domains. To prevent last-second preemptive bidding by aggressive bidders, GoDaddy extends each auction 2 minutes past the last bid. This gives any other bidder at least 2 minutes to post another bid, which, in turn, may further extend the auction.
(andypurdy)
Via: andypurdy
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