GAP buys on the Lake

Lake Charles, Louisiana, that is. George Laughlin's GAP Broadcasting is picking up an intact cluster that includes two AMs, four FMs and even an independent Class A television station. The seller is G. Dean Pearce's Apex Broadcasting Inc. According to brokerage firm Kalil & Co., the price is 13.5M. "We are very excited to have Lake Charles as our newest addition to GAP Broadcasting," said Laughlin. "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." The stations include KJEF-AM, KLCL-AM, KTSR-FM, KHLA-FM, KNGT-FM, KJMH-FM & KJEF-CA, the Class A LPTV.

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