- Associated Press - Saturday, June 7, 2014

SHREVEPORT, La. (AP) - Marshall Broadcasting Group wants to buy Shreveport’s KMSS-TV.

The Fox affiliate is part of a deal by Marshall to buy three stations from current owner Nexstar Broadcasting Group for $58.5 million. The two other stations included are KPEJ-TV in Odessa, Texas, and KLJB-TV in Davenport, Iowa. Nexstar seeks to buy those stations’ current owners, and needs to spin off some stations to avoid overconcentration. The deal is contingent on Nexstar completing its purchases.

While Marshall will own the stations, Nexstar will sell advertising and provide services such as engineering and billing. Nexstar will get 30 percent of advertising sales and is guaranteeing financing for Marshall.

Marshall Broadcasting is owned by Pluria Marshall, who owns newspapers targeted at minority communities in Texas and California, plus a radio station in Gary, Indiana.

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