Nexstar Broadcasting and NBC Television Network Announce Affiliation Agreement Renewals

Nexstar Broadcasting Group, Inc. (NXST) announced today that it has entered into a long-term affiliation agreement with the NBC Television Network which covers 16 of its owned or operated stations.

Commenting on the agreement, Nexstar Broadcasting Group President and CEO, Perry A. Sook said, "We are delighted to extend our affiliation agreements with NBC in a manner that recognizes the value of NBC programming to our stations and the value that our stations bring to the NBC television network and our local viewers. NBC continues to have great momentum with a solid and successful lineup in all dayparts. With our stations also producing high quality, original, local news and other exclusive local programming, we are delivering great entertainment and information to viewers and an excellent platform for marketing solutions for local and national advertisers."

"We are very pleased to extend our affiliation with Nexstar in 16 key markets," said Jean Dietze, EVP, Affiliate Relations, NBC Broadcasting. "Nexstar has a proven record for providing local viewers with high-quality programming and strong community support. We look forward to continuing our long-time collaboration with Perry and his local teams."

About Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 80 television stations and 20 related digital multicast signals reaching 46 markets or approximately 13.1% of all U.S. television households. Nexstar's portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, and LATV. Nexstar's 48 community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities.

Pro-forma for the completion of all announced transactions Nexstar will own, operate, program or provides sales and other services to 110 television stations and related digital multicast signals reaching 58 markets or approximately 18.0% of all U.S. television households.

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