Complex sentence: Gillett declined, but offered instead to sell WVRN outright to Act III. Act III took over WVRN in September 1988, moved the existing programming to WRLH and returned WVRN's channel 63 license to the FCC for deletion.
Split into simpler sentences: Gillett declined, but offered instead to sell WVRN outright to Act III. Act III purchased WVRN in 1987, taking over the station in September 1988. The programming was moved to WRLH and WVRN's channel 63 license was returned to the FCC for deletion.