American Radio Systems enters into acquisition agreement for WBLK-FM Buffalo (DePew), New York.BOSTON--(BUSINESS WIRE)--Aug. 15, 1995--American Radio Systems Corp. (AMRD AMRD Army Modernization Reference Data AMRD Accidental Magic Reversal Department (Harry Potter and the Prisoner of Azkaban) AMRD Automatic Message Routing Device AMRD Ami Mega Raid ) announced today that it had agreed to acquire WBLK-FM in Buffalo (DePew), N.Y. for consideration aggregating approximately $8,000,000. Consummation of the transaction is subject to the approval of the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. and would not be permitted under the current rules of the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. because American already owns two FM stations (WYRK-FM and WRCH-FM) in the Buffalo market. However, if the telecommunications bill recently passed by Congress is signed into law, American would be permitted to consummate the transaction. Steve Dodge, chairman of American Radio Systems, said, "We are pleased to have been able to reach an agreement with Frank Lorenz to purchase his fine station. WBLK complements our Buffalo group nicely, and we look forward to working with Frank on a smooth transition." Blackburn & Company Inc. represented American Radio in this transaction. American Radio Systems Corp. began trading shares publicly on June 8, 1995 on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on . In addition, American Radio owns WECK-AM in Buffalo, New York, WRKO-AM, WEEI-AM, WBMX-FM and WEGQ-FM, Boston, Mass.; WCMF-AM/FM and WRMM-FM, Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or ; WMMX-FM, WTUE-FM and WONE-AM, Dayton, Ohio; WIRK-FM, WKGR-FM, and WBZT-AM, West Palm Beach, Florida West Palm Beach, also known as West Palm, is the most populous city in Palm Beach County, Florida, USA. The city is also the oldest incorporated municipality in South Florida. According to the University of Florida's 2006 estimates, the city had a population of 107,617. ; WQSR-FM and WBMD-AM, Baltimore, Maryland; and WZMX-FM, WRCH-FM and WNEZ-AM, Hartford, Connecticut. On August 11, 1995, American Radio announced that it had entered into agreements to purchase WTIC-AM and WTIC-FM, Hartford, Connecticut. American Radio has its headquarters in Boston. CONTACT: WBLK Frank Lorenz, 617/852-6605 or American Radio Systems Steven B. Dodge or David Pearlman, 617/375-7500 |
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