George Laughlin’s Gap Broadcasting is acquiring the six stations and five translators i Texarkana owned by BTC USA Holdings Management’s Frontier Media out of bankruptcy receivership.
Gap will pay $300,000 for the properties with a Time Brokerage Agreement that began on October 1. Gap will pay $5000 per mont for the TBA fee, with an additional $24,101 in operating expenses per month.
The stations included in the deal are:
- Country “Hot FM” 101.7 KBYB Hope AR/99.3 K257FY Texarkana AR and 105.1 KTTY New Boston TX
- Adult R&B 104.7 KTOY Texarkana AR
- Conservative Talk “107.1 The Patriot” KTFS-FM Texarkana AR
- Classic Country “Real Country 98.7” K254AS Texarkana/KTFS-HD3
- Classic Hits “Hits 105” 105.5 K288FI Texarkana/KTFS-HD2
- Sports “The Fan 107.9” 740 KCMC/107.9 K330DW Texarkana TX
- Sports “ESPN 105.9” 940 KTFS/105.9 K290CP Texarkana TX
Laughlin’s previous Gap Broadcasting owned over 100 stations until selling their properties in 2010 to Townsquare Media. He is also CEO of Dallas based syndicator YEA Media Group.
A return to the market for Laughlin—Gap owned Power 95.9, Eagle 106.3, Majic 93.3, and Kicker 102.5 in the market before selling to Townsquare.