Agreement Extends Affiliation for Nine ABC Affiliated Television Stations Owned or Operated by Nexstar

WFXW-TV in Terre Haute, Indiana, Will  Become ABC Affiliate WAWV-TV on September 1, 2011

Irving, Texas (June 28, 2011) - Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it has entered into a long-term agreement with the ABC Television Network  for nine of its owned or operated stations.  As part of the agreement, Nexstar also announced that WFXW-TV in Terre Haute, Indiana will become that market’s ABC affiliate, launching as WAWV-TV on September 1, 2011.  WFXW-TV’s FOX network affiliation expired in June 2010 and the station continued operating as a FOX affiliate under the previous contractual terms.

Commenting on the agreement, Nexstar Broadcasting Group President and CEO, Perry A. Sook said, “We are delighted to extend, on a long-term basis, our affiliation agreements with ABC.  ABC has a solid line up of primetime programming including viewer favorites such as Modern Family, Dancing with the Stars, and Grey’s Anatomy; critically-acclaimed news and information series including  20/20 and Nightline; anticipated new series coming this Fall including Pan Am and Charlie’s Angels; and high profile sports programming like Saturday Night Football.  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 equally delighted to re-christen WFXW as WAWV-TV which stands for ‘ABC for the Wabash Valley.’  WAWV’s ABC affiliation enables Nexstar to continue to serve the Terre Haute community and the Wabash Valley with compelling network programming as well as local news, lifestyle, sports and weather programming.  Our affiliation with ABC will also dramatically increase the amount of HD programming that our local viewers will have access to on a daily basis.”

John Rouse, senior vice president, Affiliate Relations for the ABC Television Network said, “We are very pleased to extend our affiliation with Nexstar in nine key markets, and to once again have an ABC affiliated station in Terre Haute.  Nexstar has a proven track record for providing local viewers with outstanding programming and community service. Their strong local news presence in Terre Haute and the Wabash Valley will help strengthen ABC’s footprint in the market.”

The Nexstar owned ABC affiliated stations include KMID in Odessa-Midland, Texas; KSVI in Billings, Montana; WDHN in Dothan, Alabama; WJET in Erie, Pennsylvania; and KQTV in St. Joseph, Missouri.  In addition to WFXW, the stations to which Nexstar provides services to include KAMC in Lubbock, Texas; WTVO in Rockford, Illinois; WUTR in Utica, New York; and KODE in Joplin, Missouri.  The previous affiliation agreement for seven of the stations ended in December 2010 and the stations continued operating as ABC affiliates through short-term extensions while two of the stations’ affiliation agreements expire in December 2012.

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, e-MEDIA, digital and mobile media platforms.  Nexstar owns, operates, programs or provides sales and other services to 63 television stations and related digital signals in 34 markets in 14 states and reaches approximately 13 million viewers or approximately 11.5% of all U.S. television households.  The stations are affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, LATV, TV Azteca and Telemundo.  The Company’s 33 community portal websites offer additional hyper-local content and verticals for consumers and advertisers.

Forward-Looking Statements
This news release includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information preceded by, followed by, or that includes the words "guidance," "believes," "expects," "anticipates," "could," or similar expressions.  For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.  The forward-looking statements contained in this news release, concerning, among other things, changes in net revenue, cash flow and operating expenses, involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies, our ability to service and refinance our outstanding debt, successful integration of acquired television stations (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations' operating areas, competition from others in the broadcast television markets served by the Company, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events.  Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this news release might not occur.  You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release.  For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

Contact:
Thomas E. Carter                                                Joseph Jaffoni
Chief Financial Officer                                         Jaffoni & Collins Incorporated
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