However, on June 6, 2014, Nexstar announced that it would instead sell KMSS-TV to a new minority-owned company, Houston-based Marshall Broadcasting Group (founded by Pluria Marshall, Jr.) for $58.5 million, an agreement that was among the company's first television station acquisitions, along with the concurrent acquisitions of Fox affiliates KPEJ-TV in Midland, Texas and KLJB/Davenport, Iowa. Subsequently, on August 5, Rocky Creek withdrew its application to acquire KSHV. Nexstar operates KMSS and KSHV under shared services agreements, forming a virtual triopoly with KTAL, leaving Shreveport's six major commercial stations under the control of just three broadcasting companies (the Wray family owns KTBS-TV, while KSLA is owned by Gray Television). The sale of ComCorp to Nexstar, as well as that of KMSS to Marshall and a concurring acquisition of the time brokerage agreement with KSHV, received FCC approval on December 4, 2014, and was completed on January 1, 2015.