Nexstar Broadcasting Third Quarter Net Revenue Rises 25.4% to a Record $157.7 Million

IRVING, Texas – November 7, 2014 – Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) today reported record financial results for the third quarter and nine months ended September 30, 2014 as summarized below. The Company also announced that it entered into a definitive agreement to acquire the assets of KCWI-TV, the CW affiliate serving the Des Moines, Iowa market for $3.5 million in a transaction that is expected to be accretive to Nexstar’s operating results immediately upon closing.