FAQ: Can one sell or otherwise transfer control of an LPFM station to a different organization?

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If the LPFM station was from the first windows (Facility ID starts with 12 or 13), they can be transferred to another organization as long as the new organization qualifies as a non-commercial educational entity and that all localism rules are met (e.g. the transmitter is less than 10 miles from the organization's headquaters or at least 75% of the board members, 20 miles in markets 51+).

If the LPFM station was from the 2013 window (Facility ID starts with 19), they can not be transferred until they have been fully licensed (and operating, not silent) for a minimum of three years.
 
A construction permit may not be assigned at any time.
 
A station can only be "sold" for the depreciated fair-market value of the equipment.  The license itself has no value.
 

THIS ANSWER IS SUBJECT TO CHANGE PENDING THE OUTCOME OF MB DOCKET 19-3.

Topics: 
LPFM eligibility and ownership questions
LPFM program content/station operations/noncommercial nature
Answer Date: 
Thursday, May 14, 2015