THE SUBJECT TRANSACTION IS A TRANSFER OF CONTROL OF A NOT-FOR-PROFIT CORPORATE LICENSEE OF AN LPFM STATION, RESULTING FROM THE GRADUAL TURNOVER OF MEMBERS OF ITS BOARD OF DIRECTORS IN THE ORDINARY COURSE OF BUSINESS. IN ACCORD WITH SECTION 73.865(E) OF THE COMMISSION'S RULES, THIS TURNOVER DOES NOT REPRESENT A SUBSTANTIAL CHANGE IN OWNERSHIP OR CONTROL.