Clear Channel has agreed to sell 52 radio stations in 11 small markets to Dallas-based Gap Broadcasting, a company headed by George Laughlin. The stations are all based in Texas, Oklahoma and Louisiana. The terms of the deal were not disclosed.

The 52 stations involved in the deal are as follows: KEAN-FM, KEYJ-FM, KFGL-FM, KLSI-AM, KULL-FM and KYYW-AM/Abilene, Texas; KATP-FM, KIXZ-AM, KMML-FM, KMXJ-FM and KPRF-FM/Amarillo, Texas; KFMX-FM, KFYO-AM, KKAM-AM, KKCL-FM, KQBR-FM and KZII-FM/Lubbock, Texas; KAFX-FM, KSFA-AM, KTBQ-FM and KYKS-FM/Lufkin, Texas; KCHX-FM, KCRS-AM & FM, KFZX-FM and KMRK-FM/Midland, Texas; KKYR-FM, KMJI-FM, KOSY-AM, KPWW-FM and KYGL-FM/Texarkana, Texas; KBGE-AM, KISX-FM, KKTX-FM, KNUE-FM and KTYL-FM/Tyler, Texas; KIXS-FM, KLUB-FM and KQVT-FM/Victoria, Texas; KBZS-FM, KNIN-FM and KWFX-AM & FM/Wichita Falls, Texas; KLAW-FM, KVRW-FM and KZCD-FM/Lawton, Oklahoma; KEEL-AM, KRUF-FM, KTUX-FM, KVKI-FM, KWKH-AM and KXKS-FM/Shreveport, Louisiana.