▁by ▁the ▁Federal ▁Communic ations ▁Commission ▁( F CC ) ▁on ▁August ▁ 2 4 , ▁ 2 0 0 1 , ▁but ▁the ▁deal ▁ultimately ▁fell ▁through . ▁The ▁license ▁remained ▁with ▁the ▁Research ▁Edu c ational ▁Foundation . ▁ ▁In ▁July ▁ 2 0 0 4 , ▁Research ▁Edu c ational ▁Foundation , ▁Inc ., ▁again ▁applied ▁to ▁transfer ▁the ▁license ▁for ▁K V TT , ▁this ▁time ▁to ▁C oven ant ▁Edu c ational ▁Media , ▁Inc . ▁The ▁sale ▁price ▁for ▁this ▁single ▁non - com mer cial ▁station ▁was ▁reported ▁as ▁$ 1 6 . 5 ▁million . ▁The ▁transfer ▁was ▁approved ▁by ▁the ▁F CC ▁on ▁September ▁ 2 1 , ▁ 2 0 0 4 , ▁and ▁the ▁transaction ▁was ▁consum m ated ▁on ▁November ▁ 1 6 , ▁ 2 0 0 4 . ▁ ▁K V TT ' s ▁failed ▁swap ▁bid ▁In ▁June ▁ 2 0 0 6 , ▁K V TT ' s ▁own ers ▁tried ▁to ▁bro ker ▁a ▁frequency ▁swap ▁with ▁W R R ▁( 1 0 1 . 1 ▁FM ), ▁a ▁commercial ▁radio ▁station ▁owned ▁by ▁the ▁City ▁of ▁Dallas . ▁The ▁swap ▁would ▁allow ▁the ▁re located ▁K V TT ▁to ▁sell ▁commercial ▁advert ising ▁to ▁increase ▁its ▁re venue ▁stream . ▁Even ▁though ▁one ▁official ▁estimated ▁the ▁deal ▁" could ▁be ▁worth ▁up ▁to ▁$ 5 0 ▁million " ▁to ▁the ▁city ▁of ▁Dallas , ▁the ▁swap ▁was ▁ultimately ▁rejected ▁by ▁the ▁city . ▁ ▁S