"R J Carpenter" wrote in message
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The FCC hasn't required applicants to even file fake income projections
for
a number of decades. Their policy is to allow as many stations as the
technical rules permit, and they've watered down the tech rules over the
years in order to allow more stations. Every Congressperson has had a
friend who wanted a radio station.

In any case, the income projections were intended to show that an applicant
coulda fford to build and operate the station, not the overall ability of a
market to support additional signals. It was called "Financial
qualifications" and had nothing to do with competition.