Chicago's WBGX-AM shifts ownership

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Posted by Bud on September 09, 2009 at 10:28:22:

From Radio-Info's Tom Taylor in his daily newsletter today:

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Control of Chicago's "Big Gospel Express 1570" WBGX shifts from one Gallagher to another.

Majority control passes from Michael J. Gallagher Sr. to Timothy F. Gallagher, who's currently a 22% owner. Minority partners Michael Gallagher Jr., Catherine Gallagher and Molly Margosian are also being bought out in this stock deal worth a total of $725,000. WBGX, Harvey, Illinois has 1,100 watts daytime and 500 watts when the stars are out.

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: From Radio-Info's Tom Taylor in his daily newsletter today: : ..................... : Control of Chicago's "Big Gospel Express 1570" WBGX shifts from one Gallagher to another. : Majority control passes from Michael J. Gallagher Sr. to Timothy F. Gallagher, who's currently a 22% owner. Minority partners Michael Gallagher Jr., Catherine Gallagher and Molly Margosian are also being bought out in this stock deal worth a total of $725,000. WBGX, Harvey, Illinois has 1,100 watts daytime and 500 watts when the stars are out.

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