Simplify the following text for a Grade 8 native English-speaking person.
Original: In 2004 BCC purchased the Ã stre BolÃ rne island from the Norwegian military , but agreed to cancel the transaction after a media frenzy .
Simplified: BCC got a lot of stories in the media in 2004 when BCC bought Ã stre BolÃ rne island from the Norwegian Military .