Apex, Gap Close On Lake Charles Deal
February 7, 2008 at 7:26 AM (PT)
APEX BROADCASTING has closed on the sale of 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.
KALIL AND CO. served as exclusive broker for the deal.