sentences:  On 15 September 1972, BHA Enterprises sold KAVR-AM-FM to Phoenix Broadcasters Corporation Ltd. for $423,750.Gerald F. Hicks, president of BHA, held a 4.7% interest in the purchasing party.However, on 11 October 1973, the Federal Communications Commission (FCC) blocked the transaction and scheduled a hearing on whether the stations' licenses should be revoked, citing Hicks' obtaining a majority of BHA's stock without FCC approval.