Media Bureau Denies CXR a Year's Extension, Gives 60 Days
The FCC Media Bureau granted CXR Radio Station Trust a divestiture deadline extension of 60 days rather than the year it requested, said a letter to CXR posted in docket 19-98 Wednesday. CXR’s deadline to divest two FM stations connected…
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with the Terrier/Cox deal is now Feb. 15 (see 2112060044). “We do not find persuasive the justification that market conditions made it appropriate for CXR to wait until early 2022 to begin a meaningful marketing process for the sale of the Stations,” said the order. CXR’s decision to delay "any meaningful efforts to market the Stations to prospective purchasers is contrary to its express commitment," the bureau said. CXR “was granted two years to come into compliance with the Local Radio Ownership Rule,” but “no marketing efforts to sell the Stations have been initiated, until recently,” the order said. CXR didn’t comment Thursday.