Comment Re:Why are medallions sold and not leased? (Score 1) 329
This works with broadcast station licenses also. These days no one can get themselves a radio transmitter and associated equipment, apply to the FCC for a broadcasting license and get on the air. All possible licenses in a given area have already been given out by the FCC decades ago. This means that anyone who wants to become a broadcaster, must buy a license from some previously existing broadcaster who has bought their license from another broadcaster.