(a) In transferring a broadcast station, the licensee may retain no right of reversion of the license, no right to reassignment of the license in the future, and may not reserve the right to use the facilities of the station for any period whatsoever.
(b) No license, renewal of license, assignment of license or transfer of control of a corporate licensee will be granted or authorized if there is a contract, arrangement or understanding, express or implied, pursuant to which, as consideration or partial consideration for the assignment or transfer, such rights, as stated in paragraph (a) of this section, are retained.
(c) Licensees and/or permittees authorized to operate in the 535-1605 kHz and in the 1605-1705 kHz band pursuant to the Report and Order in MM Docket No. 87-267 will not be permitted to assign or transfer control of the license or permit for a single frequency during the period that joint operation is authorized.
(d) Authorizations awarded pursuant to the noncommercial educational point system in subpart K are subject to the holding period in § 73.7005. Applications for an assignment or transfer filed prior to the end of the holding period must demonstrate the factors enumerated therein.
[44 FR 58720, Oct. 11, 1979, as amended at 56 FR 64872, Dec. 12, 1991; 65 FR 36378, June 8, 2000]
Notes of Decisions
Kidd Commc'ns v. Fed. Commc'ns Comm'n, 427 F.3d 1 (D.C. Cir. 2005).
· cites it 3× “Kidd objected to the application to transfer the license to Paradise and argued that the assignment was predicated upon an impermissible reversionary interest in the station’s license, in violation of 47 C.F.R. § 73.1150 . In relevant part, that section provides: (a) In…”
STEPHENS Indus., INC., Plaintiff-Appellant, v. James R. McCLUNG, Tr. in Bankr., Etc., Defendant-Appellee, 789 F.2d 386 (6th Cir. 1986).
“Furthermore, 47 C.F.R. § 73.1150 (a) provides: In transferring a broadcast station, the licensee may retain no right of reversion of the license, no right to reassignment of the license in the future, and may not *391 reserve the right to use the facilities of the station for…”
Sprint Nextel Corp. v. U.S. Bank Nat'l Ass'n (In Re Terrestar Networks, Inc.), 457 B.R. 254 (Bankr. S.D.N.Y. 2011).
“§§ 301 , 310(d); see also 47 C.F.R. § 73.1150 (a). In order to grant a license or approve its transfer, the FCC must determine that the transfer will serve the public interest; thus, the right to use the airwaves is a public right granted by the FCC to a licensee that may not be…”
Creole Enter., Inc. v. Giuliani, 167 Misc. 2d 810 (N.Y. Sup. Ct. 1995).
“) Finally, petitioner suggests that the proposed sale violates 47 CFR 73.1150 (a) because it requires the Foundation to provide free air time to the City for public service announcements.”
Barbara McNorton Hovell v. Origin Bank F/K/A Cmty. Trust Bank (La. Ct. App. 2020).
· cites it 2× “When the buyer was apparently unable to obtain independent financing, the seller, using a third party to disguise the actual source of the 1 See 47 C.F.R. § 73.1150 . funds, deposited the funds in a CD with the lending bank.”
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