The digital spectrum will produce significantly clearer and sharper television pictures.
Consumer groups had sought a 10 percent levy on the ancillary uses of the digital spectrum.
Mr. Schmidt says he is considering leasing some of his new digital spectrum to private companies, which could use it for their own, for-profit purposes.
"They have a huge investment in building that digital spectrum."
He added: "They have to make the case for why cable companies should give up more of their digital spectrum.
That's like giving the broadcasters squatting rights on the digital spectrum for decades to come.
Broadcasters have wrestled with the decision of whether to use the digital spectrum to create a single high-definition channel or multiple channels.
At the same time, Congress's $70 billion giveaway of the digital spectrum to broadcasters cries out for an expanded public service requirement.
Broadcasters will be able to broadcast on five or six channels on the digital spectrum.
The development of a parallel network for connecting objects may provide the solution in the current situation through sharing the digital spectrum and dividend.