Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it
expanded its national sales agreement with Katz Television Group, a
subsidiary of Katz Media Group, to include the representation of 26
additional stations in 13 markets, including the newly acquired
Jacksonville, Florida CW affiliate, WCWJ-TV. The agreement is effective
May 1, 2009 and follows the initial transfer by Nexstar of 22 stations
in 14 markets to Katz Television in 2008.
Nexstar Broadcasting Group President and CEO, Perry A. Sook commented,
"We are expanding our relationship with Katz Television based on their
performance with the 22 stations which were transferred to their
representation last year. By having all of our stations aligned with
Katz’ sales, research and programming capabilities we see the potential
for greater sales synergies across the Nexstar station portfolio.”
Moving to Katz Television are the company’s stations in
Abilene/Sweetwater, Amarillo, Lubbock, San Angelo, Wichita Falls,
Beaumont/Port Arthur and Odessa/Midland, Texas; Lawton, Oklahoma;
Billings/Hardin, Montana; Dothan, Alabama; Joplin, Missouri; Pittsburg,
Kansas; Utica, New York and Jacksonville, Florida.
About Nexstar Broadcasting Group, Inc.
Nexstar Broadcasting Group currently owns, operates, programs or
provides sales and other services to 63 television stations in 34
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 reaches approximately 13 million viewers
or approximately 11.5% of all U.S. television households.
Forward-Looking Statements
Statements in this news release which are not purely historical facts,
including statements about forecasted financial projections (such as
changes in net revenue) or other statements about anticipations,
beliefs, expectations, hopes, intentions or strategies in the future,
may be forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. Such forward-looking statements
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, including our most recent Annual Report on Form 10-K.
