LPTV is first TV buy for radio group


George Laughlin’s GAP Broadcasting is picking up an intact radio cluster that includes two AMs, four FMs and even an independent Class A television station in Lake Charles, Louisiana. 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 on Channel 13.