When an LPFM station is undergoing an assignment process at the time of its renewal deadline, the following steps outline the process:
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.
The FCC allows the assignment of a construction permit to a different organization provided that at least 18 months have passed since the permit was initially granted. However, there’s an important caveat to consider: if the construction permit is assigned to a different organization, they will have only the remaining time from the original 3-year permit. Extensions are generally not permitted unless there are exceptional circumstances like a natural disaster or other events that qualify for tolling.
Yes, under certain circumstances, another group can potentially take over a construction permit that is about to expire if the original permit holder never built the station. However, this process typically involves several steps and considerations:
In navigating the intricacies of LPFM station assignments, adherence to regulatory provisions is of paramount importance. §73.865(a)(1) serves as a guiding principle in defining what constitutes legitimate expenses in these transactions. As such, it is vital to recognize that broker fees, commissions, and fees related to listing the station for sale do not align with the criteria outlined in this regulation. Therefore, sellers and buyers should proceed with a clear understanding that these costs are distinct from legitimate expenses and should not be incorporated into the sale price. This adherence to regulatory clarity ensures transparency and compliance within the LPFM station assignment process.