Clear Channel fills a GAP toward closure


A major deal sending stations in Texas, Oklahoma and Louisiana from Clear Channel to George Laughlin’s GAP Broadcasting has officially gone on the books. According to brokerage firm Kalil & Co., the deal included 52 stations in 11 small markets changed hands. It was valued at 139M according to documents filed with the FCC. And CCU’s Oregon deal with Bicoastal Media, also handled by Kalil, closed as well. That deal involved 13 stations in two small Oregon markets (Medford and Albany) and was valued at over 37M. Laughlin will have the most assimilation to do, however. The agreement swells the GAP portfolio with six stations in Abilene TX, five in Amarillo TX, six in Lubbock TX, four in Lufkin TX, five in Odessa-Midland TX, five in Texarkana TX-AR, five in Tyler-Longview TX, three in Victoria TX, four in Wichita Falls TX, three in Lawton OK and six in Shreveport LA.