WNED acquires WBFO, two other stations, from University of Buffalo in $4 million deal

WNED is paying the University of Buffalo $4 million to operate WBFO-FM 88.7 and two other New York stations, the parties announced today (July 28). Talks have been ongoing for more than a year (Current, March 1, 2010). The stations, which also include WUBJ-FM 88.1 in Jamestown and WOLN-FM 91.3 in Olean, will retain their call letters and frequencies. Their signals reach large portions of western New York and southern Ontario, serving approximately 90,000 listeners weekly. The university will use the proceeds of the sale to provide student scholarships and support for faculty research, it said.