Talk:WXYY

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Georgia (U.S. state) Low‑importance

This article is within the scope of WikiProject Georgia (U.S. state), a collaborative effort to improve the coverage of the U.S. state of Georgia on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Georgia (U.S. state)Wikipedia:WikiProject Georgia (U.S. state)Template:WikiProject Georgia (U.S. state)Georgia (U.S. state) articles

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Some background not necessary for the article. One of the rules of the FCC is that a radio station license cannot directly be pledged as collateral for a loan - to avoid exactly this situation. If a station can borrow money against its licenses, then in the event of default, the debt holder would want to take control of the station(s), but the lender never applied for nor was granted FCC permission to operate the stations. That appears to be the reason behind the FCC investigation and the delay in resolving the situation that is mentioned in the source I added.StreamingRadioGuide (talk) 00:18, 17 December 2008 (UTC)[reply]