GAP Buys Apex Lake Charles Cluster
September 7, 2007 at 2:59 PM (PT)
APEX BROADCASTING is selling six radio stations and one LPTV station in the LAKE CHARLES, LOUISIANA market to GAP BROADCASTING for $13.5 million. The stations include Hot AC KTSR (STAR 92.1)/DE QUINCY; Urban AC KJMH (107.5 JAMZ)/LAKE ARTHUR; Country KNGT (GATOR 99.5) and Classic Country KLCL-A/LAKE CHARLES; and Classic Hits KHLA (92.9 THE LAKE), Classic Country KJEF-A, and independent KJEF-CA/JENNINGS.
GAP's GEORGE LAUGHLIN said, "We are very exclited to have LAKE CHARLES as our newest addition to GAP BROADCASTING. APEX's team has established a strong market share and we look forward to continued growth in ratings and revenue as part of our regional platform."
KALIL AND CO. served as exclusive broker for the deal.