Complex sentence: Cumulus tried to move the tower to McLouth, Kansas to add Kansas City coverage (and perhaps sell the station at a very high price), but the FCC shot that down, and KMAJ lost their tower lease.
Split into simpler sentences: Cumulus tried to move the tower to McLouth, to add Kansas City coverage (and perhaps sell the station at a very high price). But the FCC shot that down, and KMAJ lost their tower lease.