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Before 1996, one radio owner could only own 20 AM and 20 FM Radio stations ?

FCC Applications involving First Ventures Capital Partners, Inc
FCC Party # 398139

App ID	File #		Filed	Status	Station		Licensee/City	Links
1563615 Parties	BALFT 20130617ACF	Assignment of License (FX)	2013-06-18	GRANT 2013-07-29	K266BH	FX		Application
1555360 Parties	BALFT 20130516ANK	Assignment of License (FX)	2013-05-17	GRANT 2013-07-26	K276EH	FX	Subarctic Media, LLC	Application
1557461 Parties	BALFT 20130617ACF	Assignment of License (FX)	2013-06-18	SUPER 2013-07-17	K266BH	FX		Application
1541265 Parties	BALFT 20130104ACI	Assignment of License (FX)	2013-01-07	GRANT 2013-02-19	K255AX	FX	Broadcast Industry Group, LLC	Application
1536331 Parties	BALFT 20130104ACI	Assignment of License (FX)	2013-01-07	SUPER 2013-02-13	K255AX	FX	Broadcast Industry Group, LLC	Application