90 Days is 3 months, not 12. (Or, LBI potentially bad at math)

In our post from around Christmas, we asked for some confirmation of a story we ran about an apparent rule violation.

To recap, our tipsters had noted that:

LBI is involved in a three-way deal which moves the call letters and format of 104.7 Palm Springs to 98.5 Cathedral City, with 104.7 moving to Redlands and ownership transferred to LBI.

The deal was approved back in January by the FCC but still hasn't been consummated, despite the FCC rule that an approved transfer of ownership must happen within 90 days.

We asked for confirmation, or a citation of the rule in question. And, our tipsters got back in touch with us once again:

If you pull up the authorization of the transfer of KDES-FM (FCC file #BALH-20071128ACN) you'll find that it states [in the authorization PDF] the transfer must be completed in 90 days. While that doesn't cite a specific FCC rule, I would think that it being part of the authorization document makes it a requirement, and I don't see any filings requesting an extension of time.

Seems to me that someone could file to block the transfer on grounds that it wasn't consummated in the required time ...

Our read of the authorization PDF from January 16, 2008, reveals this text:

The actual consummation of voluntary transactions shall be completed within 90 days from the date hereof, and notice in letter form thereof shall promptly be furnished to the Commission by the seller or buyer showing the date the acts necessary to effect the transaction were completed.

The FCC Database shows all filings and notices regarding this station. And nothing seems very current.