Marshall Purchase of FOX Affiliate Approved

Story tools

A A AResize

Print

 
 
Federal regulators have approved the sale of a FOX TV affiliate in Quad Cities, Iowa, to longtime media executive Pluria Marshall Jr., president and CEO of Houston-based Marshall Broadcasting Group (MBG), officials announced Monday.
Marshall, also publisher of Wave Publications Group in Los Angeles, will acquire Fox affiliate KLJB in Quad Cities/Davenport, Iowa, officials said. Two other proposed acquisitions in Shreveport, La., and Odessa-Midland, Texas, remaining pending, officials said.

The license transfer from Nexstar Broadcasting to minority-owned Marshall Broadcasting is an important step in fulfilling Nexstar’s commitment to incubate broadcast station ownership by minority-owned companies, which is also a key FCC initiative, officials said.

“The MBG transaction serves as a model to increase media ownership diversity while extending Nexstar’s long-term, well-documented initiatives to serve the public interests and needs of local viewers, hometown businesses, and organizations in the markets where we operate,” said Perry A. Sook, chairman, president and Chief Executive Officer of Nexstar Broadcasting Group.

Read more here.