Anyway, after consultation with MIT big-wigs, station folks, lawyers, and the FCC, we decided to let him have the call letters in exchange for a $50,000 donation to the station. He gave us $25,000 on the date we released the letters, and $25,000 more when the FCC granted his application to obtain them. There was a chance that between the time we released them and he applied, someone else could have grabbed them.... hence the split payment.
By the way, WTCG stood for Turner Communications Group.... doesn't have quite the ring of Turner Broadcasting System, does it?