This was news to me:
"The latest casualty comes with the announcement that WLIE/540 AM, a station carrying business talk programs, has been sold to a Catholic broadcasting company for $14 million."
WLIE is a local radio station, the call letters refers to the Long Island Expressway. If this is going to become a Catholic station they might want to consider changing the call letters.
UPDATE: In doing a search, I just found out it was relevant radio that bought the station!! This is great. I listen to Relevant Radio when I am visiting family in Pittsburgh and would love to be able to hear it on Long Island. There is a dispute over the sale but hopefully Long Island will have a good Catholic radio station soon.