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In addition, Peach has submitted a showing to demonstrate that its acquisition  xof WNEX(AM) does not require consideration under the Commission's local radio ownership rules  xtbecause the principal community contour of WNEX(AM) does not overlap that of either WPGA(AM) or WPGAFM. ""0*((aa& "Ԍ S(  ԙ3.Peach bases its request for a waiver of the onetoamarket rule on the standards adopted in the  S( xSecond Report and Order, MM Docket No. 877, 4 FCC Rcd 1741 (1989) ("Second Report and Order"),  S( xrecon. granted in part and denied in part, 4 FCC Rcd 6489 (1989) ("Second Report and Order Recon.).  xUnder these standards, the Commission presumptively favors waiver requests involving "failed" broadcast  xstations, that is, stations that have not been operating for substantial periods of time (four months or more)  S<(or that are involved in bankruptcy proceedings. See 47 C.F.R.  73.3555, note 7.Z<?s {O(ԍ The Commission recently adopted revisions to the onetoamarket rule,  73.3555(c), in Report and Order in MM Docket Nos. 91221 and 878, FCC 99209 (released August 6, 1999). The revised rules are not yet effective.   S(  4.Peach claims that WNEX(AM) has a history of being silent, most recently for a period in excess  xof four months from July through December 1998, and that it is a "failed station" pursuant to Note 7 of  S( x. 73.3555(c).  According to Peach, the station would have remained dark but for monthly fees from the  xproposed assignee pursuant to a January 8, 1999 time brokerage agreement ("TBA"). Specifically, Peach  xclaims that during the sevenmonth period that WNEX(AM) has been operating under the TBA, the station  xfhas realized no net revenue and that expenses have been covered by revenues from the TBA. Peach therefore asserts that it is entitled to a waiver under the "failed station" standard.  S (  85.We have reviewed the contour map submitted with Peach's application and find that it  x\demonstrates that there is no overlap of the principal community contours of WNEX(AM) and either  xXWPGA(AM) or WPGAFM. Thus, the local radio ownership rules are not implicated by Peach's  xacquisition of WNEX(AM), and we may proceed under the presumptive waiver standard set forth in note  S( xx7 to  73.3555(c). See, e.g., Liberty Temple Full Gospel Church, Inc., DebtorinPossession, 13 FCC Rcd  S( xn4420 (1998), citing Memorandum Opinion and Order in MM Docket No. 91140, 7 FCC Rcd 6387, 6394,  S(n. 40 (1992); Moosey Communications, Inc., 8 FCC Rcd 5274 (1993).?s yOL(ԍ In addition, Peach's application for the acquisition of WNEX(AM) will result in the common ownership of a radiotelevision combination of one television station, two AM stations, and one FM station. Thus, Peach is  {O(eligible for a permanent onetoamarket waiver under the standards announced in the Second Report and Order.  {O(See, e.g., S.E. Licensee G.P., 11 FCC Rcd 16,727 (1996) (permanent onetoamarket waiver may be granted  {Op(under Second Report and Order where radio component of applicant's radiotelevision combination does not exceed two AM and two FM stations).  St(  6.An examination of the documentation submitted in support of the waiver request reveals that  xabsent payments from Peach, the proposed assignee, pursuant to the TBA, WNEX(AM) would not  xgenerate sufficient revenues to cover its expenses and that broadcasting operations would likely cease.  xThus, although WNEX(AM) is not now off the air or the subject of a bankruptcy proceeding, we find that  xthe station is the functional equivalent of a "failed station" for purposes of the presumptive waiver standard  xunder Note 7. Presumptive waivers of the onetoamarket rule for failed stations are based on the  xrationale that the public interest is better served by permitting the common ownership of radio and  S\( xtelevision stations in the same market than by requiring a station to remain off the air. Second Report and  S6( xOrder, 4 FCC Rcd at 1753. Accordingly, we find that, in light of the documentation submitted and in"6h 0*&&aat"  S( xthe absence of any evidence rebutting this documentation,"?s {Oh(ԍ In the Second Report and Order, the Commission specifically states that presumptive waivers under the "failed station" standard are subject to rebuttal by petitions to deny. 4 FCC Rcd at 1752. We note that Peach's waiver request and the assignment application for WNEX(AM) are unopposed and thus that there is no rebuttal evidence in the record. it would be inconsistent with the public interest  xto exclude WNEX(AM) from eligibility under the presumptive waiver standard for failed stations, because  xBthe parties to the instant transaction were able to return the station to the air through operation under the  S(TBA.   S8(  7.Accordingly, IT IS ORDERED, that the request for a permanent waiver of the Commission's one x(toa market rule, 47 C.F.R.  73.3555(c), to permit common ownership of Stations WPGATV, Perry, and WNEX(AM), Macon, Georgia, IS GRANTED.  S(  8.IT IS FURTHER ORDERED, that having found the applicants fully qualified and that grant of  xthe application would serve the public interest, the application to assign the license of Station  xWNEX(AM), Macon, Georgia, from TM Communications, Inc. to Radio Peach, Inc. (File No. BAL990318GE) IS GRANTED. ` `  ,hhhFEDERAL COMMUNICATIONS COMMISSION ` `  ,hhhRoy J. Stewart  S(` `  ,hhhChief, Mass Media Bureau