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Radio receivers are as cheap as an oatmeal box and a crystal, or a five dollar transistor set.
Radio transmitters can be made from parts at 'Radio Shack', and can cover blocks or even several miles on the FM band. After 1978, deregulation and paperwork simplification all but turned over the public airwaves to the largest companies. The ownership rules were further relaxed in 1996. It is now possible for a few companies to own nearly all the radio stations in a small market. The official reason for shutting down micropower stations is that they can cause interference.