Nexstar Broadcasting Welcomes the Return of FOX Network Programming to WFFT Local in Fort Wayne Indiana Starting March 1

Nexstar Broadcasting Group, Inc. announced today that it has entered into a new affiliation agreement with the Fox Broadcasting Company (FOX) for WFFT LOCAL in Fort Wayne, Indiana beginning March 1, 2013. In addition to FOX’s popular primetime lineup, viewers in the Fort Wayne area will also have access to their favorite news, local lifestyle and community-focused programming in full HD on WFFT LOCAL, as well as live, interactive content through the FortWayneHomePage.net and Fort Wayne Now web and mobile platforms.

WFFT LOCAL welcomes the return of FOX’s highly-rated primetime programming to its existing menu of award-winning local news and high-quality sports and entertainment offerings valued by viewers in the local Fort Wayne community.

WFFT LOCAL will air FOX’s primetime programming Monday through Saturday from 8:00 p.m. to 10:00 p.m. and Sunday from 7:00 p.m. to 10:00 p.m. as well as the top-rated suite of exclusive FOX Sports programming including the NFL on FOX, Major League Baseball (MLB), NASCAR, and premiere sporting events such as Super Bowl XLVIII, The MLB All Star Game, World Series, and The Daytona 500.

WFFT LOCAL First News at 10, Fort Wayne’s award-winning and only primetime hour-long news program broadcast in full HD, will continue to air at 10:00 p.m. Monday through Sunday immediately following FOX’s primetime lineup. The Locker Room, Fort Wayne’s highly popular and only live weekly sports program will continue to air on WFFT LOCAL at 10:30 p.m. every Friday.

Bill Ritchhart, Vice President and General Manager of WFFT LOCAL commented, “We are looking forward to the return of FOX’s programming to WFFT LOCAL where we are committed to providing the most relevant, compelling and informative content and community-focused programming to our viewers. Eighteen months ago we expanded that commitment to our viewers through increased news content, locally-produced programming and significant technical investments upgrading our broadcasts to transform WFFT LOCAL into Fort Wayne’s first fully functional HD platform. We are now proud to expand our commitment once again by bringing back FOX’s exceptional array of primetime, sports and event programming exclusively on WFFT LOCAL.

“Our affiliation with FOX combined with our station’s First News at 10 and unique community-focused programming underscores our promise to address the changing dynamics of local viewer interests. In addition, WFFT LOCAL remains focused on providing unparalleled marketing solutions for our advertisers through multiple media platforms.”

Jon Hookstratten, Executive Vice President, Broadcast Distribution for the Fox Broadcasting Company said, “We are delighted to bring back Fox Broadcasting’s primetime entertainment and sports programming to WFFT LOCAL and the local Fort Wayne community. Through their efforts and initiatives, Nexstar Broadcasting and the team at WFFT LOCAL launched the market’s first fully functional HD platform and actively worked to establish a strong local brand, unique community programming and award-winning primetime local news. FOX and Nexstar are dedicated to supporting the needs and interests of the greater Fort Wayne viewing community, and we look forward to our partnership in providing highly-rated content to viewers across the station’s reach in Indiana, Ohio, and Michigan.”

FOX’s complete primetime lineup that will be featured on WFFT LOCAL includes: Bones, The Following, Hell’s Kitchen, New Girl, The Mindy Project, American Idol, Raising Hope, Kitchen Nightmares, Touch, Glee, Bob’s Burgers, The Cleveland Show, The Simpsons, Family Guy, and American Dad.

For more information and a complete listing of the new programming lineup go to FortWayneHomePage.net.

Nexstar Broadcasting, Inc., Granite Broadcasting Corporation, WISE-TV, Inc. and WISE-TV License LLC mutually agreed to the settlement of the lawsuit filed by Nexstar Broadcasting, Inc. against Granite Broadcasting Corporation, WISE-TV, Inc. and WISE-TV License LLC that is pending in the United States District Court for the Northern District of Indiana with prejudice, without any costs being borne by either party.

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 67 television stations and related digital multicast signals reaching 39 markets or approximately 11.6% of all U.S. television households.

Assuming completion of all announced transactions, Nexstar will own, operate, program or provide sales and other services to 72 television stations and related digital multicast signals reaching 41 markets or approximately 12.1% of all U.S. television households.

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.