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Some people who have applied to the Federal Communications Commission for permission to operate a radio station are actually dying off before their applications are processed, because the wait is so long.
Hundt wants to auction licenses for cash, or for what he calls "quantifiable public-service commitments." He says, however, that he can't muster a majority of commissioners to support the proposal. Senate Commerce Committee chairman John McCain (R-AZ) has asked the FCC to suspend rewriting its rules while he works on legislation to auction new FM licenses. More than 1,000 radio stations were bought and sold last year in deals totaling $25 billion -- up from $8 billion in 1995. Source: John R. Wilke, "A Rock 'n' Roll Station is Pushed Off the Air in Bureaucratic Morass," Wall Street Journal, June 18, 1997. |
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