UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

Date of Report (date of earliest event reported): August 9, 2011

                           Island Radio, Inc.                              

 (Exact name of registrant as specified in its charter)

    5850 Cameron Run Terrace, Ste. 918, Alexandria, VA  22303    

 (Address of principal executive offices and zip code)

            Tel: (703) 232-1726; Fax: (520) 844-9162         

 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule I4a-12 under the Exchange Act (17CFR240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Forward Looking Statements

This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, “Filings”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management.  When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions identify forward looking statements as they relate to our business or our management.  Such statements reflect management’s current view of our business with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled “Risk Factors”) relating to our industry, operations and results of operations, and other relevant aspects of our business.  Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Although we believe the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.

Item 8.01

Other Events

On August 9, 2011, Island Radio, Inc. issued a press release announcing that its Board of Directors has authorized the purchase of up to 1,375,000 shares of its common stock under a Stock Repurchase Program.  Shares of common stock will be purchased through private transactions at a fixed price one one-cent ($0.01) a share.  This program shall terminate on the earliest of: (i) all 1,375,000 authorized shares have been purchased, (ii) close of business on Friday, September 23, 2011, or (iii) termination of the Stock Repurchase Program by the Board of Directors.

A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

Exhibit 99.1

Press Release Dated August 9, 2011 Announcing the Stock Repurchase Program

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ISLAND RADIO, INC.

Dated: August 9, 2011

By:

/s/ Nina Edstrom                                                          

Nina Edstrom

President, Chief Executive Officer,

Treasurer and Secretary (Sole Officer and Director)

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