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                                                                   Exhibit 10.37
                                                                   -------------

                                 THIRD AMENDMENT
                                       TO
                            INDIVIDUAL LOAN AGREEMENT

         THIS THIRD AMENDMENT TO INDIVIDUAL LOAN AGREEMENT (the "Third
Amendment") is entered into effective as of June 21, 2001 by and between PERRY
A. SOOK, an individual ("Borrower") and BANK OF AMERICA, N.A., a national
banking association, successor to Bank of America National Trust and Savings
Association ("Bank").

                                   WITNESSETH:

         WHEREAS, Bank, and Borrower heretofore entered into that certain
Individual Loan Agreement, dated as of January 5, 1998 which was subsequently
modified by those certain Amendments to Individual Loan Agreement dated January
12, 1998 and August 12, 1998 (as amended, the "Individual Loan Agreement")
pursuant to which Bank agreed to make loans to Borrower from time to time
subject to and upon terms, covenants and conditions contained therein;

         WHEREAS, Bank, and Borrower now desire to amend the Individual Loan
Agreement in certain particulars.

         NOW THEREFORE, in consideration of these premises, the promises, mutual
covenants and agreements contained in this Third Amendment, and fully intending
to be legally bound by this Third Amendment, Bank, and Borrower hereby agree as
follows:

         1.       Definitions.

                  Unless otherwise specifically defined herein, all defined
                  terms used in this Third Amendment shall have their respective
                  meanings set forth in the Individual Loan Agreement.

         2.       Amendments.

                  (1)      Section 1.1 Line of Credit Amount subsection (a) of
                           the Individual Loan Agreement is hereby amended by
                           deleting it in its entirety and substituting in lieu
                           thereof the following:

                           "(a) During the availability period described below,
                           the Bank will provide a line of credit to the
                           Borrower. The amount of the line of credit (the
                           "Commitment") is Three Million Dollars ($3,000,000)."


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                  (2)      Section 1.2 Availability Period of the Individual
                           Loan Agreement is hereby amended by deleting it in
                           its entirety and substituting in lieu thereof the
                           following:

                           "1.2 Availability Period. The line of credit is
                           available between the date of this Agreement and
                           December 31, 2004 (the "Expiration Date") unless the
                           Borrower is in default."

                  (3)      Article 8 Default of the Individual Loan Agreement is
                           hereby amended by adding the following Section 8.14:

                           "8.14 Default Under Guarantor Facility. A default
                           occurs under the terms of that certain Amended and
                           Restated Credit Agreement dated as of June 14, 2001
                           by and between Nexstar Finance LLC, Nexstar
                           Broadcasting Group, LLC, certain of its subsidiaries
                           from time to time parties thereto, Bank of America,
                           N.A., as administrative agent and lender, and certain
                           other agents and lenders.

                  (4)      Section 5.1 Guaranties of the Individual Loan
                           Agreement is hereby amended by deleting it in its
                           entirety and substituting in lieu thereof the
                           following:

                  "5.1 Guaranties. Limited guaranties signed by Nexstar Finance
                  LLC; Nexstar Finance Inc.; Nexstar Broadcasting of
                  Northeastern Pennsylvania, LLC; Nexstar Broadcasting of
                  Joplin, LLC; Nexstar Broadcasting of Erie, LLC; Nexstar
                  Broadcasting of Beaumont/Port Arthur, LLC; Nexstar
                  Broadcasting of Wichita Falls, LLC; Nexstar Broadcasting of
                  Rochester, LLC; Nexstar Broadcasting of Abilene, LLC; Nexstar
                  Broadcasting of the Midwest, Inc.; Nexstar Broadcasting of
                  Champaign, LLC; Nexstar Broadcasting of Midland-Odessa, LLC;
                  Nexstar Broadcasting of Louisiana, LLC; Nexstar Broadcasting
                  Group, Inc.; Entertainment Realty Corporation; Nexstar
                  Broadcasting of Peoria, LLC."

         3.       Representations and Warranties.

                  By the execution of this Third Amendment, Borrower hereby
                  represents and warrants that (i) the representations and
                  warranties stated in the Individual Loan Agreement are true
                  and correct as of the date hereof; and (ii) no event which
                  with the lapse of time or notice or both could become an event
                  of default, has occurred as of the date hereof.

         4.       Effectiveness; Security.

                  a.       Except to the extent specifically amended and
                           supplemented hereby, all of the terms, conditions and
                           provisions of the Individual Loan



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                           Agreement shall remain unmodified, and the Individual
                           Loan Agreement, as amended and supplemented by this
                           Third Amendment, is confirmed as being in full force
                           and effect.

                  b.       All references to the Individual Loan Agreement
                           herein or in any other document or instrument between
                           Borrower and Bank shall hereafter be construed to be
                           references to the Individual Loan Agreement as
                           modified by this Third Amendment.

                  c.       All collateral securing the obligations of the
                           Borrower under the Individual Loan Agreement shall
                           continue to secure such obligations with no
                           impairment thereto.

         5.       Counterparts.

                  This Third Amendment may be executed in any number of
                  counterparts, each of which when executed and delivered shall
                  be deemed an original, but all of which constitute one
                  instrument. In making proof of this Third Amendment, it shall
                  not be necessary to produce or account for more than one
                  counterpart thereof signed by each of the parties hereto.

         6.       Governing Law.

                  This Third Amendment shall be governed by and construed in
                  accordance with the laws of the State of New York, except to
                  the extent that Bank has greater rights or remedies under
                  Federal law, whether as a national bank or otherwise, in which
                  case such choice of New York law shall not be deemed to
                  deprive Bank of such rights and remedies as may be available
                  under Federal law.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]



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         7.       Notice of Final Agreement.

                  THIS WRITTEN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN
                  THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
                  CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
                  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

           IN WITNESS WHEREOF, the parties hereto have executed this Third
Amendment as of the date and year first above written.

                                BORROWER:


                                /s/ Perry A. Sook
                                ------------------------
                                Perry A. Sook

                                BANK:

                                Bank of America, N.A.



                                By: /s/ Linda Zambelli
                                    ------------------------
                                Name: Linda Zambelli
                                Title: Senior Vice President


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