Nexstar Broadcasting To Report 2010 First Quarter Financial Results, Host Conference Call and Webcast on May 12 Print E-mail

IRVING, TX (April 27, 2010) - Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today that it will report its 2010 first quarter financial results before the market opens on Wednesday, May 12, 2010.  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 703/639-1420 (domestic and international callers.)  Participants can also listen to a live webcast of the call through the “Webcast/Presentations” section of Nexstar’s website at www.nexstar.tv.  A webcast replay will be available for 90 days following the live event at www.nexstar.tv. 

 

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,  download and install any necessary software. 

 

On April 5, 2010, Nexstar Broadcasting Group filed Form 8-K with the Securities and Exchange Commission disclosing preliminary estimates for net operating revenue in a range of $67.0 million to $69.5 million for the quarter ended March 31, 2010.  The range of expected net operating revenue for the quarter ended March 31, 2010, represents increases in net operating revenue of 20.7% to 25.2% over the comparable period of 2009.   The Company’s full quarterly results will be reported on May 12, 2010.

 

About Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to 62 television stations in 34 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Rhode Island, Utah 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

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.

 

 

Contact:

Thomas Carter                                                              Joseph Jaffoni

Chief Financial Officer                                                     Jaffoni & Collins Incorporated

Nexstar Broadcasting Group, Inc.                                     212/835-8500 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

972/373-8800
 
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