The price could be substantially higher. My brother's neighbor Earl is a retired engineer. Neighbors call him The Radio Duke of Earl. He recalls that Capital Cities, which owned WKBW at the time, was interested in purchasing 94.5 on two occasions. He offered a brief history of the station and guessed that CapCities' interest could have occurred between the time the Buffalo Courier Express owned 970 and 94.5, and the time it was sold to WNED-TV. According to Earl's speculation, CapCities passed on a CP in the early 60s and the opportunity to build an FM on 105.7. Young listeners were moving to FM and CapCities knew it would eventually affect WKBW, which generated a lot of revenue for the company. CapCities would have to spin off AM 970 WEBR. At this point, the story becomes hazy because Bill McKibben's group bought AM 970 only. The Courier Express retained 94.5 WEBR-FM, which changed the call letters to WBCE (Buffalo Courier Express). The scenario seems like a perfect fit for CapCities to buy 94.5. So why didn't that happen? It could be that McKibben's group had the right of first refusal to purchase 94.5 within a certain number of years and, knowing that CapCities was sniffing around for an FM, exercised the option. When McKibben's group bought WEBR 970, it established a personality Oldies format featuring high profile DJs like Perry Allen (KB's morning man when that station flipped to Top 40 in the 50's), Loren Owens and Possum Riley. Oldies 970 WEBR also featured a full service news department. Later, when McKibben bought 94.5 WBCE (formerly WEBR-FM), the call letters became WREZ. According to Earl, 94.5 WREZ featured an automated Lite Progressive format. To the best of his knowledge, 94.5 did not broadcast in stereo while it was owned by the Courier or McKibben's group. Amazing! If WKBW had a high power FM around 1972-75, the history of the market would very likely be different. It was a period when young listeners were moving to FM, which featured the original progressive 103.3 WPHD, Top 40 WBEN-FM as Rock 102.5 and Top 40 WGRQ, which became album rock QFM97. There's no guarantee that CapCities would have turned 94.5 into a youth station. It could have adopted an easy listening format, maybe even country, but even so. wow. It's all water under the bridge.