The island has "has been losing tens of millions of dollars a year in operating costs, " CNN affiliate KHON reported Wednesday.

CNN: STORY HIGHLIGHTS

Thanik Maseepitak, a red businessman, erected a state-of-the-art radio mast and equipped a broadcasting studio in Khon Kaen early in 2010, only for it to be ruled illegal.

ECONOMIST: Thailand's red-shirt opposition

Kalani English told KHON.

CNN: STORY HIGHLIGHTS