Marshall Broadcasting Group Files Chapter 11

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https://tvnewscheck.com/article/top-news/241988/marshall-broadcasting-group-files-chapter-11/

In the past we talked about Iheart and Cumulus filing Chapter 11. Now a company holding contracts to carry Nexstar content has reported to have filed Chapter 11 this affects KLJB Davenport, Iowa; KPEJ Odessa, Texas; and KMSS Shreveport, La.

By TVN Staff | December 5, 2019 | 2:08 p.m. ET.
Marshall Broadcasting Group, a Houston-based minority-owned television broadcasting company whose three Fox-affiliated stations are operated through a shared services agreement with Nexstar Media Group, filed for chapter 11 protection today in the Bankruptcy Court for the Southern District of Texas.

The company reports $50 million to $100 million in both assets and liabilities. The debtor is represented by Levene, Neale, Bender, Yoo & Brill as general bankruptcy counsel and Gray Reed & McGraw as local bankruptcy counsel. The case number is 19-36743. The case has been assigned to Judge Jeffrey P. Norman.

On April 2, Marshall announced on its website that it filed a lawsuit against Nexstar Media Group, who the debtor says “financially hobbled MBG and limited the company’s ability to operate the stations by: overcharging for its stations at the outset, working to drive MBG out of business by attempting to cause the company to default on its credit facility and consistently interfering in MBG’s sales and programming operations, in direct violation of FCC directives and mandates.”