| Nexstar Broadcasting Opens New State-of-the-Art, All Digital Television Broadcasting Facility in Joplin, Missouri |
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Joplin, MO and Irving, TX – June 11, 2010 - Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today the opening of its new, $5.5 million, state-of-the-art television broadcasting studio and offices at 1502 South Cleveland Avenue in Joplin, MO. The all-digital facility is home to Nexstar’s KSNF-TV, the local NBC affiliate, and KODE-TV, the market’s ABC affiliate which Nexstar manages under a local service agreement with Mission Broadcasting, Inc. The stations have already transitioned to their two brand new side-by-side main sets and control rooms. According to Nielsen Media 2009-2010 Local Market Estimates, Joplin, MO-Pittsburg, KS is the 147th largest television market in the country. KSNF-TV’s 1,000-foot broadcast tower collapsed in May of 2009 as a result of extreme wind conditions of over 90 miles per hour. The tower landed on top of the station’s previous main building, located at 1502 South Cleveland Avenue in Joplin. As a result, KSNF-TV was off the air for approximately six weeks, eventually returning to broadcasting with borrowed equipment in shared space.
Perry Sook, President and CEO of Nexstar, stated, “This facility represents a significant investment for Nexstar and reflects our commitment to our viewers in Joplin, Pittsburg, and the entire Four States Region. With this new facility we are bringing KSNF and KODE under one roof, which will further improve efficiencies and productivity as a result of enhanced workflow capabilities.
“The investment in the facility and in state-of-the-art technology underscores Nexstar’s commitment to producing leading local programming and news and serving the viewers in the markets where we operate. This state-of-the-art workspace allows us to follow through with our planned strategy to convert local news operations to digital newsrooms and our local newsrooms from tape-based to file-based operations. Our new digital capabilities allow us to produce higher quality newscasts that we can bring to air more quickly, as well as improved production flexibility which will result in additional news, feature and local programming for viewers.”
Nexstar is hosting an open house for sponsors and local businesses at the Joplin facility on Friday, July 16 and a community open house for the public with tours of the new facility on Saturday, July 17. Details of these events can be found at www.fourstateshomepage.com.
Mr. Sook concluded, “With the all-digital footprint, we are eliminating videotape, enabling us to shoot a news story in the field, edit it on a laptop and distribute it digitally. The all-digital format also dramatically increases our publishing capabilities for both on-air and online platforms, a key differentiator with Nexstar’s growing e-MEDIA presence in the marketplace.”
About Nexstar Broadcasting Group, Inc. Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to 59 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 StatementsThis 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: Perry Sook Joseph Jaffoni Chief Executive 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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