What does WANE mean in TV Stations?

This page is about the meanings of the acronym/abbreviation/shorthand WANE in the Community field in general and in the TV Stations terminology in particular.

TV-15, Fort Wayne, Indiana

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What does WANE mean?

ebb, ebbing, wane(verb)
a gradual decline (in size or strength or power or number)

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"WANE." Abbreviations.com. STANDS4 LLC, 2015. Web. 27 Mar. 2015. <http://www.abbreviations.com/term/237390>.