 WBLI would keep its Top 40 format, while WHFM became a simulcast of WBAB.On July 1, 1996 Robert F. X. Sillerman's SFX Broadcasting Inc. announced it had acquired Liberty Broadcasting.As part of the deal SFX and Chancellor Broadcasting (owners of WALK and WALK-FM in Patchogue, New York) also agreed to exchange SFX's four Long Island stations in New York, gained in the Liberty acquisition, for two of Chancellor's Jacksonville, Fla., stations and $11 million.