I just talked to a friend at the FCC, knows what is happening...
1. IF Wilhite is judged guilty, the FCC would have a group in The Media Bureau together to discuss the charges and see if it was 'in the public interest' for Wilhite to still own the license. The type of felony involved is given weight to their decision. So, no definitive answer as to whether he would lose the license or not. Again, he is now operating legally, so that is not in question, but the problem or problems of WHY the 2004 relicensing is still in ‘pending action’ must also addressed and cleared yea or nay against the station. Two headed monster, a conundrum wrapped up in an enigma, located between a rock and a hard place. He finds a buyer, but must get FCC approval for sale or transfer, but the ‘pending’ is in the way.
2. He could still sell the station now even with liens and whatever AS LONG AS no illegal action was or has been taken place DEALING WITH THE STATION ONLY... nothing in his personal life as the accusations and upcoming trial. Don’t forget he was totally exonerated from ANY criminal wrong doings for the Travel Show thing by law enforcement. All that can happen now are small claim court actions, which have begun.
And it goes without saying the buyer would have to be aware of the books, liens, and the whatever.
Most importantly, if he finds a buyer the FCC MUST approve the sale and transfer.
I hope this clears things up.