Nexstar has been looking for a buyer for two stations in Indianapolis and it appears they found one.
They have come to an agreement on selling WISH, the CW affiliate and WNDY, the MyNetworkTV affiliate to a new minority owned group called Circle City Broadcasting.
Nexstar plans on keeping WXIN (Fox) and WTTV (CBS) after the Tribune deal is approved. The FCC will have to give Nexstar approval to keep both stations in the Indy market.
Nexstar CEO Perry Sook said of the deal: “The proposed sale of two stations in Indianapolis marks another important step forward towards completing the Tribune Media transaction and the last piece of the divestiture component of Nexstar’s comprehensive regulatory compliance plan.
Last week, FTVLIve told you that Marshall Broadcasting Group, a black-owned media group has filed a lawsuit against Nexstar saying they are trying to sabotage the company’s stations.