Bad market conditions forced Nexstar Broadcasting officials to take down the for sale sign, company officials said today:
According to the company, the review process was halted due to the poor financial market conditions. Over the past two weeks, interest rates for corporate debt have inflated, making financing more expensive, while investors in corporate debt have demanded more compensation and more risk protection.
Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield, and manages KODE in Joplin and KOLR in Springfield.
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