Re: WABI/WWBX sale dismissed by FCC

[dan.strassberg@att.net]

This must be a first. My guess is that Clear Channel 
backed out and the FCC decided to take credit. The FCC 
has red-flagged hundreds of proposed transfers for the 
same reason and this is the first one I'm aware of that 
didn't go down because of the FCC's red flag. A few 
deals didn't close, but I don't think the FCC ever took 
credit before. Anyone have any information to the 
contrary?

> In today's actions,
> 
> The FCC has rejected the sale of WABI(AM) 910/WWBX 97.1 Bangor from Gopher
> Hill Communications to ClearChannel licenses Inc. According to the FCC it
> was "Dismissed for non-compliance with the multiple ownership rules"