Mikey the snake oil saleman just used Dell's monies and buys a tv station. He's using his insider information to enrich himself. Dell is worth at least $30.
It's NOT DELL--the company---that bought the spectrum and wants to buy more of it. The ownership is his separate and independent capital investment arm.
Somehow, if DELL goes private then the spectrum may become principle in operations. For now, it's not a factor.