Wouldn't this be considered profiteering? Colonial media just closed on the agreement April 26th , and June 20th they're selling the station to WCNS at six times what they paid for it. In 1975 WBCW 1530 ( now 770 WKFB) was for Sale After only being on the Air for One Year,I was involved with a group that wanted to purchase the station.Then Owner AL Calisti said he had to be on the air for one year or it would be considered profiteering by the FCC.