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"Few broadcasters are likely to bite. As a group, TV stations have already spent more than $15 billion to make the transition to digital TV. Stations are just now beginning to monetize their new digital spectrum, which allows the broadcast of multiple channels."

"The context of this decision is interesting, in that the issue arose in the restructuring of Nassau Broadcasting, where its creditors were to take a controlling position in the company in exchange for a release of some of the company's debt. However, the new ownership position of its creditors, where their interests became attributable for the first time, required multiple ownership reviews in several markets, as these same investors were owners, or holders of significant debt (triggering an EDP issue) in other companies holding radio or TV licenses in nearby markets."