---FOR IMMEDIATE RELEASE---
January 30, 2014
GREAT RADIO & SOUND COMMUNICATIONS AGREE TO ACQUIRE ELMIRA/OLEAN, NEW YORK STATIONS
Deal with Pembrook Pines Announced
In a deal announced today, Great Radio, LLC and Sound Communications, LLC have agreed to acquire the Elmira/Olean & Salamanca, NY holdings from Pembrook Pines, Elmira Limited and Pembrook Pines, Inc. for an undisclosed price.
The stations involved are:
SOLD TO GREAT RADIO, LLC
- WEHH (AM) – Elmira
- WELM (AM) – Elmira
- WOKN (FM) – Elmira
- WLVY (FM) – Elmira
- plus 4 associated translators
SOLD TO SOUND COMMUNICATIONS, LLC
- WOEN (AM) – Olean
- WMXO (FM) – Olean
- WGGO (AM) – Salamanca
- WQRS (FM) – Salamanca
Great Radio is controlled by four-time EMMY Award winner Bill Christian, President, Owner of WYDC-TV (Big FOX) and WJKP-LD (MyNet) in Corning, as well as five Class A TV stations in the Northeast.
Sound Communications currently owns FM radio stations WENY in Elmira; WENI Big Flats; WGMM in Corning and WKPQ in Hornell, NY, as well as AM radio stations WENY and WENI in the Elmira Market. It's Managing Member and CEO is Bettina Finn.
The seller was Richard A. Foreman, Receiver for Pembrook Pines. The deal is subject to FCC and court approval.
The buyers are entering into an LMA of the stations, effective February 1.