AHC and WI: Longer Open Radio Era

It was pretty easy for an amateur to set up a radio station in 1920 -- how does that low price of entry last as long as possible? How does US Media and the world it influences change?
 
Instead of Congress setting up the FCC and having FCC assigned Frequencies. Congress accepts the Homesteading Stations.
 
You find a open spot on the Dial, start Broadcasting at that Frequency, and get property rights to it, like Homesteaders on the land. This is what was happening pre FCC.
 
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