Univision Communications Inc., announced that they have agreed to buy WLIR FM with Jarad Broadcasting Company, Inc. and Morey Organization, Inc., for $60 million in cash. WLIR-FM includes a class A radio station that provides services in Long Island and New York City.

“The acquisition of WLIR FM is another example of our commitment to New York’s Hispanic community. It pleases us a lot to be able to offer the listeners from Long Island and the southeast of Connecticut access to our programming,” said McHerny T. Tichenor, Jr., President of Univision Radio.

Ronald J. Morey, Executive Director of The Morey Organization, Inc., said: “Univision Radio is purchasing a fantastic radio station. It pleases us to announce that as part of the operation, Jarad Broadcasting will continue serving Long Island, while moving the WLIR modern rock radio station to a new location on the dial.” The Morey Organization is the proprietor of three other FM radio stations in that market and the owner of The Long Island Press.

It is expected that the transaction, which is subject to the approval of the federal government, will close during the first trimester of 2004. The company counts on financing the purchase of WLIR FM with a loan.