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Owned/Controlled By should NOT be considered as a legally signficant designation. It is my opinion of which parent entity I believe has effective control of the FCC license and provides a significant amount of the station's programming. Licenses can be in different names for any number of reasons, like grandfathered restrictions on ownership limits, some party having a small residiual ownership or legal interest in the license, or they could just be planning for the future.
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(The directory only lists FCC Licensed Stations)