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Nexstar Broadcasting to Air Pivotal Iowa Political Debate between U.S. Senate Candidates on October 16

NXST

Nexstar Broadcasting Group, Inc. (“Nexstar”) announced today that its three local television stations will provide Iowa voters broadcast coverage of the one hour debate between U.S. Senate candidates, Joni Ernst (GOP) and current U.S. Representative, Bruce Braley (D) on October 16, 2014. Ernst and Braley are competing for the Iowa Senate seat that will be left vacant when long-time Senator Tom Harkin (D) retires after this term.

The debate, which takes place in the Eppley Auditorium of Morningside College in Sioux City, will be conducted as a round table discussion before a live audience at 7:00 p.m. CT on October 16, 2014. It will be carried live on Nexstar’s ABC affiliates, KCAU-TV in Sioux City and WOI-TV in Des Moines. A live stream of the debate can also be accessed by visiting the stations’ community web portals www.SiouxlandMatters.com, www.WeAreIowa.com, and www.OurQuadCities.com. A replay of the debate will air Sunday, October 19, 2014 beginning at 7:00 a.m. CT on the Company’s CBS affiliate, WHBF-TV in Quad Cities, Iowa / Rock Island, Illinois.

Reflecting its commitment to serve the local communities where it operates, Nexstar has partnered with the ABC Cedar Rapids affiliate, KCRG-TV, to deliver state-wide live debate coverage and commentary. The debate will be moderated by local Iowa Nexstar political journalists, Tim Seaman of KCAU-TV and Amanda Krenz of WOI-TV.

Nexstar’s daily political coverage, strong local news and special coverage, such as the political debates, position it as Iowa’s local election headquarters delivering voters unprecedented state-wide coverage of all races. The race for the open seat has national significance as the Iowa election may determine the balance of power in the U.S. Senate. The October 16th debate is the third and final debate between the U.S. Senate candidates Ernst and Braley and is an event not to be missed!

Media Guidelines

Members of the media who want to cover the event in person should contact KCAU-TV News Director Jack Brooks at 712/277-2345, ext. 238 or jbrooks@kcautv.com for media credentials. Still photography will be permitted, but no video cameras will be allowed inside the Eppley Auditorium until after the debate’s conclusion. Video can be recorded from any of the stations carrying the debate. Verbal and visual credit must be given to the station who provided the video. No more than two minutes of debate footage can be used for news purposes for 24 hours. Video clips may not be posted to the internet.

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, Live Well, LATV and an independent station. 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 107 television stations and related digital multicast signals reaching 56 markets or approximately 16.0% 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.



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