Never done audio over optic, but I have done audio thru the ground, 1/2 a 4046 (vco part) makes a good fm generator, and another 4046 as a fm decoder at the rx end, with optics you'll be able to use a wide bandwidth.
If you really want blue light fine, white or infra red would give more light o/p though, a laser is probably easiest to aim.
If you put a 1w led on the side of a hill somewhere you'd be surprised how far it goes, miles, aligment is the tricky bit.