Yes, it is possible to sell or transfer control of an LPFM (Low Power FM) station to a different organization. However, there are certain regulatory processes and requirements that need to be followed when making such a transfer. The Federal Communications Commission (FCC) has guidelines and procedures in place for the sale or transfer of broadcast licenses, including LPFM licenses. These processes involve obtaining FCC approval, ensuring compliance with ownership limits and other regulations, and notifying the FCC of the intended transfer.
FAQ Tag: sell
Is it possible to transfer ownership or control of an LPFM station to another organization through a sale or other means?
LPFM stations can be assigned for consideration equal to what the original licensee paid for any equipment or construction costs that the assignee will benefit from post-transaction. However, this consideration cannot include periodic operating charges like rent, leases, salaries, utilities, music licensing fees, etc. Applications should provide a detailed schedule of items, including their names, model numbers, sources, and actual costs paid.