January 12, 2006
Lake County Radio, L.P. has completed its acquisition of radio stations KLVQ-AM, licensed to Athens, Texas and KCKL-FM, licensed to Malakoff, Texas from Cedar Creek Radio Company and Love Radio Company, for $550,000.
Lake County Radio is owned by Jim Stansell, CEO, and David Gates, COO, both of Dallas. Mr. Stansell is the former owner of KLAK and KMKT in Sherman-Denison.
Cedar Creek Radio and Love Radio are owned by Adabeth Routt who has no other broadcast interests.
Bill Whitley of Media Services Group_s Dallas office represented the seller in this transaction.