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Saturday, June 27, 2009

Olean Gets Coudersport's FM Station

FCC OKs Colonial Radio deal on WFRM-FM

OLEAN - The number of radio stations in the area just grew as a deal was finalized this week.

Colonial Radio Group Inc. has purchased 96.7 WFRM-FM and transmitter station 99.3 mhz from Farm and Home Broadcasting Co.

Ray Rosenblum, who helped broker the deal, said the final sale price was $275,000.

The deal was made back in April, but needed approval from the Federal Communications Commission (FCC).

“These things have to get approved with the FCC,” Jeff Andrulonis, principal owner of Colonial Radio Group, said. “There’s a good 60 days when you announce ‘Hey we’re buying something’ until you close the transaction. We were granted approval last week. What that means is Olean will be getting a brand new radio station.” More...

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