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

FCC Applications involving Breakwater Investment Management, LLC
FCC Party # 407503

App ID	File #		Filed	Status	Station		Licensee/City	Links
1728032 Parties	BOS 20160608GNR	Ownership Sale	2016-06-09	ACCPT 2016-06-09	KATE	AM	Alpha 3e Licensee LLC
1727350 Parties	BOS 20160608BUP	Ownership Sale	2016-06-09	ACCPT 2016-06-09	KBFF	FM	Alpha Media Licensee LLC
1690671 Parties	BOA 20151106BAF	Ownership Report	2015-11-09	ACCPT 2015-11-09	KBFF	FM	Alpha Media Licensee LLC
1684749 Parties	BOS 20150820AUA	Ownership Sale	2015-08-21	ACCPT 2015-08-21	KBFF	FM	Alpha Media Licensee LLC
1644273 Parties	BOS 20141001AQJ	Ownership Sale	2014-10-02	ACCPT 2014-10-02	KBFF	FM	Alpha Media Licensee LLC
1633887 Parties	BOS 20140424ACS	Ownership Sale	2014-04-25	ACCPT 2014-04-25	WARQ	FM	Alpha Media Licensee LLC
1584688 Parties	BOA 20131206AQN	Ownership Report	2013-12-09	ACCPT 2013-12-09	WCPR	FM	Telesouth Communications, Inc
1569627 Parties	BOS 20130830AHS	Ownership Sale	2013-09-03	ACCPT 2013-09-03	WCPR	FM	Telesouth Communications, Inc