KPEJ-TV (channel 24) is a television station licensed to Odessa, Texas, United States, serving as the Fox affiliate for the Permian Basin area. It is owned by Mission Broadcasting, which maintains a shared services agreement (SSA) with Nexstar Media Group, owner of Midland-licensed ABC affiliate KMID (channel 2), for the provision of certain services. The two stations share studios on Windview Street (along I-20) in southwestern Odessa; KPEJ-TV's transmitter is located on FM 1788 in rural southeastern Andrews County.
On April 24, 2013, the Communications Corporation of America announced the sale of its television stations to the Nexstar Broadcasting Group, owner of ABC affiliate KMID (channel 2). Since the Odessa–Midland market has only eight full-power stations, Nexstar could not legally purchase KPEJ (Federal Communications Commission rules require a market to have eight remaining unique station owners after a duopoly is formed). In addition, KMID and KPEJ are two of the four highest-rated stations in the market in monthly total-day viewership, respectively ranking at third and fourth place. As a result, Nexstar planned to sell KPEJ's license assets to Mission Broadcasting, with Nexstar assuming the station's operation under a
However, on June 6, 2014, Nexstar announced that it would instead sell KPEJ-TV, along with two other Fox affiliates—sister station KMSS-TV in Shreveport, Louisiana and KLJB in Davenport, Iowa—to the Marshall Broadcasting Group (marking the company's first television station acquisitions) for $58.5 million. The minority-owned Marshall intends to fund the acquisitions through borrowings guaranteed by Nexstar, and are subject to FCC approval of the other stations Nexstar plans to acquire from ComCorp, White Knight Broadcasting and Grant Broadcasting; Marshall plans to launch news operations and provide sports and minority-oriented public affairs programming to KMSS and the other two stations, with Nexstar providing sales and certain non-programming services (including engineering, master control and other administrative functions). Nexstar Selling 3 Fox Affils For $58.5 Million, TVNewsCheck, June 6, 2014. The sale was completed on January 1, 2015. Consummation Notice, CDBS Public Access, Federal Communications Commission, Retrieved January 6, 2015.
On December 3, 2019, Marshall Broadcasting Group filed for Chapter 11 bankruptcy protection. Mission Broadcasting, another company associated with Nexstar Media Group, agreed to purchase Marshall Broadcasting's stations for $49 million on March 30, 2020. The transaction was completed on September 1, 2020. "Consummation Notice", CDBS Public Access, Federal Communications Commission, September 7, 2020, Retrieved September 10, 2020.
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As part of the SAFER Act, KPEJ kept its analog signal on the air until June 26 to inform viewers of the digital television transition through a loop of public service announcements from the National Association of Broadcasters.
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