Yes, according to the FCC regulations, it is permissible for an LPFM (or NCE) station to include commercials on their internet stream while still adhering to compliant underwriting acknowledgments over the airwaves. The FCC’s regulations primarily focus on content broadcast over the FM frequency, and they do not have strict restrictions on what can be included in an internet stream. However, it’s important to ensure that the underwriting acknowledgments meet the requirements set forth by the FCC and that the commercials on the internet stream comply with relevant copyright and licensing laws. It’s advisable to consult with legal professionals to ensure full compliance with all applicable regulations.