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FCC approves TV license transfer making Marshall Broadcasting Group owner of KLJB

(November 3, 2014) Nexstar Broadcasting Group and Marshall Broadcasting Group announced that the Federal Communications Commission has approved the license transfer of the stations owned by the Grant Company. The license transfer to minority-owned Marshall Broadcasting fulfills Nexstar's commitment to incubate broadcast station ownership by minority-owned companies, also a key FCC initiative. Marshall will take control of KLJB, the Fox affiliate in the Quad Cities/Davenport, Iowa market, and the first of three stations that will be transferred to MBG.

Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group, Inc., commented, "We are pleased to announce approval of an accretive transaction to benefit Nexstar shareholders.  As a result of this approval, Nexstar will lead the industry in incubating a new, minority-controlled entrant to broadcasting and bringing additional news, information and specialized programming to markets where MBG will operate.
 
"The MBG transaction serves as a model to increase media ownership diversity," Sook added, "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.  As an established and long-time media executive with extensive broadcast operating experience, Pluria Marshall has the background and skills necessary to serve local interests while maintaining independent operations and programming decisions for the stations."

"We are delighted to secure the approval from the FCC and the support of Nexstar as we move forward in diversifying the ownership of media assets among minority operators," said Pluria Marshall, Jr.(pictured), President and CEO of MBG. "This is a great day for Americans, minorities, MBG and Nexstar as equality of media asset ownership is as important as equality is in all facets of the country.  We applaud the FCC for its forward thinking approach to providing appropriate guidelines and structure that enable new entrants to own, operate and program television stations. We look forward to playing an active role in the new communities in which we will operate while developing minority-oriented public affairs programming that will air on MBG stations and be syndicated to other television stations nationwide."

[Pluria Marshall, President and CEO of Marshall Broadcasting Group, will receive the MAAX Award for Media Executive of the Year. See below]


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The 2014 MAAX Awards to honor African American marketing, media and research execs Nov. 17th

Target Market News has announced the recipients of the 2014 Marketing to African Americans with Excellence (MAAX) Awards. The annual awards presentation recognizes the contributions, innovations and exceptional performance of African American professionals in the fields of marketing, advertising, media, public relations, consumer research and advocacy. The recipients are...
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