WNED to Buy WBFO for $4 Million
by Buck Quigley - posted 1:52 pm, July 28, 2011
Guests were excused from the WNED Board meeting before the group adjourned into executive session. No reason given for the executive session, but Rich Products President and COO Bill Gisel, who is chair of the WNED Board, and Donald K. Boswell, who is WNED President and COO, confirmed that the executive session would include discussion and a vote on WNED’s plans for WBFO. They also told me they wouldn’t be adjourning out of executive session, even though new business is on the agenda after the executive session. That’s how they do it every meeting, I was told.
A little birdy tells me that WNED is purchasing WBFO for $4 million.
We’ll see if that little birdy was able to get the story straight, despite the wall of secrecy built up by the State University of New York at Buffalo and our local public broadcaster.
The staff at both stations are to be given details of the move at 2pm for WBFO, and 2:30pm for WNED.
UPDATE: Yes, the little birdy was right! Click here to read the press release just sent out by UB Media Relations.