People Skills The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits Leonard Maltin's Movie Guide 2005 Flight of the Buffalo : Soaring to Excellence, Learning to Let Employees Lead Hello from Heaven : A New Field of Research-After-Death Communication Confirms That Life and LoveAre Eternal Triathlon Training in Four Hours a Week The Future of Music : Manifesto for the Digital Music Revolution Child of Mine: Feeding With Love and Good Sense Teach Yourself Visually: Dreamweaver MX 2004

• LATEST NEWS RSS Feeds | Reprints | E-mail Alerts | Printable Version | Email Story November 18, 2004 Egan drops bid to buy WBIX; Langer could have first claim on station.
• Real estate investor Christopher Egan said he is dropping his bid to buy WBIX-AM 1060 from disgraced investment advisor Bradford Bleidt, maintaining the move would make it easier for defrauded investors to eventually be compensated. ...
• In a statement issued Thursday, Egan, president of Carruth Capital, said he would step aside so a receiver can be appointed to sell the station and "create value for the victims" of Bleidt. ...
• Bleidt," Egan said. ...
• Egan had reached a deal in June to acquire the all-business news station from Bleidt for $7 million, and by his own account has pumped "hundreds of thousands of dollars" of his own into the station. ...
• On Monday, Egan appeared on WBIX to assure listeners he would press on with the transaction. Egan met Tuesday with officials at the Boston office of the SEC, which moved to block the sale. According to Egan, Bleidt would owe $1. 5 million to Langer after receiving $7 million from Egan for the station. If Egan pursued the deal, no money would be left for Bleidt's defrauded clients, Egan said. ...
• Bass said that, if Bleidt ends up in bankruptcy court, he could nix the deal with Egan in order to find a buyer who'd pay more than $7 million, which would potentially mean more money for creditors. ...
• In an interview with the Boston Business Journal, Egan pledged to cover salaries and health insurance costs of WBIX employees through the end of 2004, if necessary. ...
• But, as his relationship with the station ended today, Egan said, he won't be paying to keep the station on the air. It will be up to a court-appointed receiver to decide whether the station, which Egan said has been losing money, will broadcast. ...
• Egan also said in the interview that he would weigh another attempt at purchasing the station. ...

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• MARY ELLEN O'SHAUGHNESSY =M= Stephen Egan Jan. ...
• Thomas Egan & Margaret Caheron Egan, Hartford, Connecticut - Anne Gometz 1/29/05 .
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