About Nexstar
Company Profile

Nexstar Broadcasting Group, Inc., is one of the nation’s top 20 television broadcasting companies.  Headquartered in Irving, Texas, the Company is celebrating its 13th year of development since the acquisition of its first station in 1996.   In 2008 the Company generated record net revenue of $285 million, broadcast cash flow of $112 million and adjusted EBITDA of $96 million.
 
 
Nexstar owns, operates, programs or provide sales and other services to 59 television stations in 34 mid-sized markets across 14 States.  These stations are affiliated with the NBC, CBS, ABC, FOX, MyNetworkTV, CW, Telemundo and Azteca networks and reach approximately 13 million viewers or 11.5% of total U.S. households.  For a list of all  stations, affiliations and markets, please refer to the stations tab on our website.
 
 
 Since its formation in 1996, Nexstar has consistently remained at the forefront of industry innovation including:


•    Shared services agreements that enable the Company to provide sales, news and other services to a second station in 62% percent of the markets where the company operates;


•    The expansion of local news leadership and the in-house production of over 700 hours of local content per week;


•    Retransmission consent agreements which have enabled Nexstar and the industry to realize the economic value of local station programming and content with cable system partners and other distributors;


•    The establishment of a differentiated e-MEDIA platform which is based on a “community portal” approach to the creation of local web sites; and,


•    The recent agreement to serve the needs of other broadcast groups by leveraging Nexstar’s operating and management capabilities in return for annual and incentive compensation.
 
 
Nexstar Broadcasting Group trades on The NASDAQ Global Market under the symbol “NXST” and as of December 31, 2009, the Company proudly employed or managed over 2200 people across the country. 


 

 


 

 
 
We Believe

We believe the medium-sized markets offer significant advantages over larger markets. Many result from a lower level of competition. There are fewer well-capitalized acquirers with medium-market focus. This has resulted in our succesful purchasing of stations with more favorable terms than acquirers of large market stations. In many of our markets, there are only two or three other local commercial television stations. As a result, we achieve lower programming costs than stations in larger markets because the supply of quality programming exceeds demand.

 

Properties we operate or provide services to are better managed than many of our competitors' stations. By providing equity incentives, we attract and retain station general managers with experience in larger markets with marketing and sales techniques that are not typically utilized in our size markets.

 


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