Treat Station Buy Separately From Nexstar/Media General Approval, Marquee Says
With winter weather coming and various business agreements on hold, creating uncertainty, Marquee Broadcasting is asking the FCC to approve its buy of Nexstar's KREG-TV Glenwood Springs, Colorado, separately from consideration of Nexstar buying Media General (see 1609220035). In a…
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filing Friday in docket 16-57, the company recapped a phone call between President Patricia Lane and Media Bureau Chief Bill Lake, during which she said the KREG purchase agreement is separate from and not contingent on Nexstar/Media General, and Marquee has only a limited time to access the station's tower and transmitter before heavy snowfall makes it inaccessible. Marquee also signed two long-term agreements and paid monthly rents in recent weeks -- steps it would have preferred to take after the assignment and transfer of license is complete, but then the station likely would have gone dark until late spring, the company said. Marquee said on the close of the acquisition it plans to convert the station from a satellite station to a stand-alone operation and change programming.