Standard & Poor concerned about Nexstar Broadcasting debt

The financial experts at Standard & Poor issued a CreditWatch on Nexstar Broadcasting Friday, citing the company's $681 million in debt:

"The CreditWatch placement reflects our heightened concern about Nexstar's ability to remain in compliance with its financial covenants," S&P Credit Analyst Deborah Kinzer said in a statement.

Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield, and is de facto owner of KODE in Joplin and KOLR in Springfield.