2002 Listing On EBay
WYAB (then WMGO-FM) holds a rather unusual distinction in the annals of radio station transaction history. In April 2002, then-owner Jerry Lousteau placed the radio station up for sale on eBay, gaining national attention within the broadcast industry as one of the first owners to attempt to sell a radio station via an Internet auction. The purchase price was listed at $210,000.00, with the listing reading:
Name your own format. Be your own boss. You are bidding on the assets of the station, including tower, antenna, and studios. This is not a toy. Covers over 100,000 people!
Ultimately, the listing for WMGO-FM garnered no qualified bidders. SSR Communications, Inc. purchased the station from Mr. Lousteau after the extensive press coverage within broadcast trade publications regarding the attempted eBay sale.
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