Statement of REC Networks
In order to protect the integrity of the LPFM service by preventing commercial influence through speculation and “shadow ownership” (control of a station by an undisclosed third party), REC has filed Informal Objections against applications where it was supsected that speculative behavior was taking place. In other words, a single party filing for multiple facilities with the intention of either building a radio network or to sell the permits to other parties for a profit.