Nexstar Selling Off 3 Fox Affiliates

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Nexstar Broadcasting Group is selling three Fox affiliates to Marshall Broadcasting Group for $58.5 million. 

Nexstar has agreed to sell  KMSS Shreveport, La. (DMA 82); KPEJ Odessa-Midland, Texas (DMA 150); and KLJB Quad Cities, Iowa (DMA 100).

“We believe the proposed transaction announced today presents an ideal framework for introducing and incubating a new, minority-controlled entrant (MSB) to broadcasting, and for bringing additional news, information and specialized programming to MBG’s markets at the earliest possible opportunity.”