Nexstar Sets Up Little Rock Duop

Nexstar has agreed to buy MyNetworkTV outlet KWBF Little Rock from Equity Broadcasting Corp. for $4 million, setting up a duopoly with Nexstar's NBC outlet KARK. Nexstar President/CEO Perry Sook said the duopoly strategy is key to Nexstar's growth. Equity has sold a number of media properties amidst financial woes. The transaction, expected to close the first half of next year, is subject to FCC approval.