Nexstar Broadcasting to Report 2008 Fourth Quarter and Year-End Financial Results, Host Conference Call and Webcast March 5, 2009

Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today that it will report its 2008 fourth quarter and year-end financial results before the market opens on Thursday, March 5, 2009. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.

To access the conference call by telephone, interested parties may dial 212/231-2926 (303/223-0118 for international callers). A replay will be available through March 10, 2009 by dialing 800/633-6284 (402/977-9140 for international callers) and entering access code 21415619. Participants can also listen to a live webcast of the call through the Investor Relations section of Nexstar’s website at www.nexstar.tv. A webcast replay will be available for 60 days following the live event.

Please call five minutes in advance to ensure that you are connected. Questions and answers will be taken only from participants on the conference call. For the webcast, please allow 15 minutes to register and download and install any necessary software.

About Nexstar Broadcasting Group, Inc.

Upon the completion of announced transactions, Nexstar Broadcasting Group will own, operate, program or provide sales and other services to 52 television stations in 30 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York and Florida. Nexstar’s television station group includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and pro-forma for the completion of all announced transactions, reaches approximately 10 million U.S. television households or approximately 8.8% of all U.S. television households.