KLAF-TV (NBC) And KADN-TV (Fox) Elevate Commitment To Lafayette / Acadiana Viewers With Multi-Million Dollar Investment In Support Of New Locally-Produced News Programming

Nexstar Broadcasting Completes Buildout of State-Of-The-Art Broadcast / Digital Operations Center and High Definition News Facility in Lafayette, Louisiana

KLAF-TV / KADN-TV Adds Team of Leading Journalists to Deliver New Compelling Local News Content On-air and Online at CajunFirst.com

LAFAYETTE, Louisiana and IRVING, Texas – Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today that KLAF-TV (NBC) and KADN-TV (FOX) serving the Lafayette, Louisiana market (DMA #121), will launch their own innovative, locally-produced news programming beginning April 1, 2016 at 5:00 p.m. CDT. The local news programming initiative follows the successful change of KLAF-TV’s network affiliation by Nexstar to the market’s first-ever NBC-affiliated station in July 2015. In association with news programming debut, Nexstar made a significant investment to remodel the KLAF / KADN broadcast facility on Eraste Landry Road in Lafayette, add over two dozen news and production personnel, develop new on-air graphics and purchase new equipment, weather technology and traffic systems to complement the locally-originated newscasts.

Nexstar’s investment to expand its Lafayette / Acadiana operations’ local news programming, hire additional news personnel and fully upgrade all aspects of the stations’ technical infrastructure highlights the Company’s organization-wide commitment to broadcasting excellence and enhanced service to local communities, viewers and advertisers.

Commenting on the news launch, Tom Poehler, Vice President and General Manager of KLAF-TV / KADN-TV stated, “Following the successful launch of the market’s first NBC-affiliated station on KLAF-TV last summer, we are once again raising our commitment to local viewers and advertisers with the debut of our new locally-produced news programming, broadcast live in full high definition (HD) from our new state-of-the-art Lafayette facilities. Our dedicated employees at KLAF NBC Local and KADN Fox 15 have a strong history of responding to the needs of the people and communities of Lafayette / Acadiana and the launch of our full-coverage local news programming is an extension of that legacy.

“This is a very exciting time for KLAF-TV / KADN-TV and our local viewers as the expansion will increase our locally-produced news, lifestyle, sports, weather and community programming to over 22 hours per week, with 24/7 access to additional compelling local content online at CajunFirst.com.Importantly, the expansion of our news programming reflects our unwavering commitment to delivering superior local news, entertainment programming and exclusive content to local viewers while offering businesses and advertisers unparalleled marketing opportunities across all screens and devices. We are grateful for the tremendous support and positive feedback we have received from the local community about our planned local news expansion and look forward to the upcoming launch on April 1.”

Broadcast in full HD, KLAF / KADN multimedia journalists will deliver news from the stations’ remodeled broadcast center. The upgraded studiosinclude a locally-themed news set, state-of-the-art HD cameras and production capabilities, renovated offices and weather forecasting equipment featuring early warning technology and advanced alert systems. In addition, the expanded team of seasoned journalists with unique ties to Louisiana will provide viewers with more local news content relevant to local communities in Lafayette / Acadiana through additive and enhanced digital applications with both mobile and desktop accessibility on CajunFirst.com.

The new full-day local news programming schedule begins April 4, 2016 with the debut of a newly named “Acadiana Today” weekday morning newscast airing on KLAF NBC Local from 5:00 a.m. to 7:00 a.m. In addition, KLAF NBC Local will feature evening newscasts weekdays at 5:00 p.m., 6:00 p.m. and 10:00 p.m., as well as special weekend evening newscasts at 6:00 p.m. and 10:00 p.m. on Saturdays and at 5:00 p.m. and 10:00 p.m. on Sundays. KADN Fox 15 will air evening newscasts weekdays at 9:00 p.m.

KLAF-TV / KADN-TV will continue to be available on the same cable, satellite and over the air channels as today.

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 106 television stations and related digital multicast signals reaching 57 markets or approximately 17.3% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, LATV, Estrella, This TV, Weather Nation Utah, Movies! and News/Weather. Nexstar’s 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 provide sales and other services to 115 television stations and related digital multicast signals reaching 62 markets or approximately 18.1% 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:
Tom Poehler
VP/General Manager
KADN FOX 15 / KLAF NBC / MyAcadianaTV
337/237-1500

Julie Pruett
SVP/Regional Manager
Nexstar Broadcasting Group, Inc.
972/373-8800

Joseph Jaffoni, Jennifer Neuman
JCIR
212/835-8500 or nxst@jcir.com