Owner Gets FCC Waiver To Sell New Mexico LPFM

FORT STANTON INC. is selling low-power Variety KEDU-LP/RUIDOSO, NM to CHRISTIAN BUSINESS OWNERS OF LINCOLN COUNTY  for $100,000. The deal required the FCC to grant a rule waiver to allow FORT STANTON to sell, and the parties claimed that the seller is "on the verge of bankruptcy" due to its inexperience in running a radio station and owes over $150,000 in debts. 

The buyer is a nonprofit group of local churches. FCC rules allow sales of LPFMs only when the sale is involuntary (e.g., bankruptcy) or does not involve a "substantial change in ownership and control."

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