The Commission says "We have never allowed a station owner to use a divestiture trust to re-shuffle its radio station portfolio as proposed here." The deal filed late last year between buyer Townsquare Media and New Northwest Broadcasters receiver Revitalization Trust involved nearly two dozen stations. Townsquare already owned 11 stations and proposed taking on another 12 from NNB, then meeting the FCC local-market caps by putting the rest into a divestiture trust. But the scale of the deal, and the way it reserved certain properties for Townsquare, drew petitions to deny from Cherry Creek Radio and Sunnylands Broadcasting. On Friday, the FCC spiked the $6 million deal. In fact, the staff even decided that it should never have accepted the deal for filing in the first place. Read the FCC's letter here. The Washington State Board of Radio-Info.com is starting to talk about the blowup of the deal, here.