Sec. 78.35  Assignment or transfer of control.

    (a) No assignment of the license of a cable television relay station 
or transfer of control of a CARS licensee shall occur without prior FCC 
authorization.
    (b) If an assignment or transfer of control does not involve a 
substantial change of interests, the provisions of Secs. 78.20(c) and 
78.22, concerning public notice and objections, shall be waived.
    (c) Licensees of CARS stations are not required to submit 
applications for assignment or transfer of control or otherwise notify 
the FCC in cases where the change in ownership does not affect the 
identity or controlling interest of the licensee.

[ 37 FR 15927 , Aug. 8, 1972, as amended at  50 FR 23421 , June 4, 1985]