September 10, 2014

Sound Communications Acquires Olean/Salamanca NY Stations

Deal with Pembrook Pines, Inc. CLOSED

In a deal closed today, Sound Communications, LLC has acquired the Olean & Salamanca, NY holdings from Pembrook Pines, Inc. for an undisclosed price.

The 4 stations involved are:
WOEN (AM) — Olean
WMXO (FM) — Olean
WGGO (AM) — Salamanca
WQRS (FM) - Salamanca

Sound Communications currently owns FM radio stations WENY in Elmira; WENI Big Flats; WGMM in Coming 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 who was exclusive broker for the transaction.