There are limits to what they can do with the license. They can't sell it for several years, but they could work out an LMA. The FCC is looking into localism again so ALL stations probably should keep an eye on paying some lip service to their named community.
BTW: For those want to see the coverage pattern -
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1193936.html
or via Recnet
http://recnet.com/cdbs/goo_curves.php?data=40.004|86.471|6|90.5|60|80267|220|0|1
BTW: For those want to see the coverage pattern -
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1193936.html
or via Recnet
http://recnet.com/cdbs/goo_curves.php?data=40.004|86.471|6|90.5|60|80267|220|0|1