Talk:WDUR
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This is "original research" which is why it isn't in the text of the article. I'm not in any way trained in law or FCC regulations, but rereading the approval of the license transfer may provide a clue to why this transfer is not complete(the text/observation I did add).
The "purchase" was not actually for $900k - it was based on no money up front, and a promissory note to pay the entire purchase price over 10 years, with the seller holding a security interest in the FCC license. From reading what appears to be an authoritative web site by a broker who specializes in the transfer of broadcast licenses, this is improper.[1] FCC rules specifically prohibit a sale where the seller has a secured interest with a right to take the license back if the buyer fails to satisfy some future condition (like making payments on a note). If that's factual, it is surprising that the FCC approved the transaction, since it includes the prommisory note in the filing and the collateral agreement which specficially mentions the license.StreamingRadioGuide (talk) 11:38, 27 May 2008 (UTC)
