of two television stations in markets with at least eight full-power commercial stations, Clear Channel purchased KASN outright from Mercury Broadcasting in a four-station deal worth $11.663 million. The sale was approved by the FCC on March 9, 2000, and was finalized on May 2; as a result, KLRT and KASN became the first legal television duopoly in the Little Rock market. In March 2001, Clear Channel consolidated the operations of its Central Arkansas television and radio properties, including KLRT and KASN, into the new Clear Channel Metroplex studio complex—a converted former retail development and Sam's Club store—on Colonel Glenn Road (east of I-430) in West Little Rock. (The National Bank of Arkansas purchased the former Markham Street facility in 2003, and demolished it to build a new commercial and retail complex; the former studio site is now occupied by an NBA branch and mortgage division office, and a David's Burgers restaurant.) On April 20, 2007, Clear Channel entered into an agreement to sell its 35 television stations (including KLRT and KASN) to Newport Television, a holding company owned by private equity firm Providence Equity Partners, for $1.2 billion, in order to refocus the company around its radio, outdoor advertising and live event units. The sale received FCC approval on December 1, 2007; following the settlement of a lawsuit filed against Providence by new Clear Channel owners Thomas H. Lee Partners and Bain Capital to force its completion, the sale was finalized on March 14, 2008. Although the Providence/Newport purchase separated the duopoly from Clear Channel (since renamed iHeartMedia)'s Little Rock radio cluster, KLRT/KASN continued to operate from the Colonel Glenn Road complex alongside its former sister radio stations. (The special events portion of the site has since been renamed the Metroplex Events Center.) On July 19, 2012, Irving, Texas-based Nexstar Broadcasting Group—owner of KARK-TV and MyNetworkTV affiliate KARZ-TV (channel 42)—purchased 12 of Newport's stations, including KLRT and KASN, for $285.5 million. Because of FCC regulations prohibiting companies from owning two of the four highest-rated stations and more than two stations overall in the same market, the licenses of KLRT and KASN were transferred to Westlake, Ohio–based Mission Broadcasting (which owns stations managed by Nexstar in markets where the latter cannot legally own multiple television properties) for $59.7 million. (Nexstar/Mission's acquisition of Fox-affiliated KLRT and Jackson, Tennessee sister station WJKT was ironic, given that Nexstar terminated the affiliations of several