Wesgo

Last updated
Wesgo
ASX:  WSG
Industry Radio
Founded14 October 1982
Founder 2WS
2GO
Defunct1995
Headquarters,
Australia
$7.7 million (1993/94)

Wesgo was an Australian media company that owned radio stations. It was founded on 14 October 1982 when radio stations 2WS in Sydney and 2GO in Gosford merged. [1] [2] In October 1987, eight stations were purchased from AWA making it the largest radio operator in Australia with 50 stations. [3] [4] In 1994 it was purchased by Australian Provincial Newspapers and delisted from the Australian Securities Exchange. [5]

Assets

StationCityNotes
2AY Albury purchased October 1987 [3]
2GN Goulburn purchased October 1987 [3]
2GO Gosford [2]
2CH Sydney purchased October 1987 [3]
2KO Newcastle [6]
2SM Sydney purchased July 1992 [7]
2WS Sydney [2]
Gold 104.3 Melbourne purchased January 1995 [5]
Magic 693 Melbourne [8]
3BO Bendigo purchased October 1987, sold 1993 [3] [9]
3GG Warragul 60% purchased March 1990 [10]
4CA Cairns purchased October 1987, sold October 1990 [3] [11]
4CC Gladstone purchased November 1995
4HI Emerald purchased March 1988, sold June 1988 [12] [13]
4KQ Brisbane purchased April 1986 [14]
4LG Longreach purchased March 1988, sold June 1988 [12] [13]
4MK Mackay sold October 1990 [11]
4TO Townsville purchased October 1987, sold October 1990 [3] [11]
5KA Adelaide sold 1993 [9]
6KY Perth purchased October 1987 [3]

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References

  1. Annual Report for year ended 30 June 1983 Australian Broadcasting Tribunal
  2. 1 2 3 A slim-line Wesgo tunes in to the 90s Australian Financial Review 9 October 1992
  3. 1 2 3 4 5 6 7 8 Radio days are over for AWA Canberra Times 29 October 1987 page 16
  4. Rural media group buys into Wesgo Canberra Times 9 December 1987 page 54
  5. 1 2 FM station sold Canberra Times 18 January 1995 page 27
  6. Wesgo brawl over broken down deals Australian Financial Review 26 November 1990
  7. Broadcasting act gives owners sudden choice Australian Financial Review 20 October 1992
  8. APN jumps Austereo sell-off to boost Wesgo Australian Financial Review 18 January 1994
  9. 1 2 2SM chief quits after clash Canberra Times 13 April 1994 page 31
  10. Wesgo tries many paths to growth Australian Financial Review 20 April 1990
  11. 1 2 3 Willesee buys back into radio Canberra Times 25 October 1990 page 17
  12. 1 2 Cash rich Wesgo set for expansion Canberra Times 29 March 1988 page 29
  13. 1 2 Wesgo radio stations in Qld sell off Canberra Times 23 June 1988 page 21
  14. ALP ratifies sale Canberra Times 6 April 1986 page 3