Oklahoma publisher Edward L. Gaylord said he has decided to exercise his option to purchase Eddie Chiles' 58 percent interest in the Texas Rangers.

Gaylord's Dallas-based Gaylord Broadcasting Co. already owns more than a third of the American League club.Gaylord indicated a major factor in his decision was to ensure that the Rangers would remain in the Dallas-Fort Worth area. The price tag for the Rangers and Arlington Stadium is an estimated $80 million.