Sec. 78.31  Temporary extension of license.

    Where there is pending before the Commission any application, 
investigation, or proceeding which, after hearing, might lead to or make 
necessary the modification of, revocation of or the refusal to renew an 
existing cable television relay station license, the Commission will 
grant a temporary extension of such license: Provided, however, That no 
such temporary extension shall be construed as a finding by the 
Commission that the operation of any CARS station thereunder will serve 
the public interest, convenience, and necessity beyond the express terms 
of such temporary extension of license: And provided, further, That such 
temporary extension of license will in nowise affect or limit the action 
of the Commission with respect to any pending application or proceeding.