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Texas company buying 4 North Dakota TV stations for $44M

BISMARCK, N.D. — Texas-based Nexstar Broadcasting Group is buying four CBS-affiliated TV stations in North Dakota for $44 million.

Nexstar is buying KXMC in Minot, KXMB in Bismarck, KXMA in Dickinson and KXMD in Williston from Reiten Television.

Nexstar also will provide sales and other services to the market’s two ABC-affiliated stations owned by Forum Communications, in continuation of Reiten’s services agreement with Forum. Those stations are KMCY in Minot and KBMY in Bismarck.

The transaction is subject to Federal Communications Commission approval. It’s expected to close late this year or early next year.

The Reiten family’s legacy in the North Dakota television business dates back nearly 60 years. Broadcasting pioneer Chester Reiten died in 2013, at age 89.

In related news, ABC releases trailer for Bakken “Oil” soap opera (Video).

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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