Nexstar Broadcasting Garners Eleven Regional Edward R. Murrow Awards For Leading Local News And Journalistic Excellence

Awards Highlight Nexstar’s Organization-Wide Commitment to Exceptional Locally Produced Programming and Community Service

IRVING, Texas – The Radio Television Digital News Association (RTDNA) announced today the regional winners of the Edward R. Murrow Awards and the local news operations of Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) are the proud recipients of eleven awards including Overall Excellence (Small Market), Feature Reporting (Large Market), Breaking News Coverage (2) (Small Market), Investigative Reporting (2) (Small Market), News Series (Small Market), Newscast (2) (Small Market and Reporting Hard News (2) (Small Market).

“Nexstar’s teams continuously respond to the needs of the local communities we serve across the United States and these prestigious Edward R. Murrow Awards reflect our stations’ unwavering daily commitment to deliver exceptional content and service to our local viewers. We remain focused on extending our legacy of local news leadership and continue making investments across our broadcast platform to expand our local news programming and make technology and infrastructure enhancements for the benefit of the people and communities Nexstar serves. We are extraordinarily proud of our strong standings in the local communities where we operate and congratulate our colleagues who are being honored,” said Perry A. Sook, Chairman, President and Chief Executive Officer.

The RTDNA has been recognizing outstanding achievements in electronic journalism with the Edward R. Murrow Awards since 1971 and the 2016 awards mark the fourth consecutive year that Nexstar stations have garnered nine or more regional awards. In the 2016 competition, Nexstar’s news operations in six markets were distinguished with the following honors:

“Nexstar has more than 1,500 journalists dedicated to providing the local communities we serve with compelling, locally-originated news programming and content on any screen at any time,” said Jerry Walsh, Director of Local Content Development – East Region at Nexstar Broadcasting. “Live, local television news connects viewers to their communities while keeping them informed of breaking local updates, critical weather events and other information vital to their daily lives. We applaud our stations and our journalists that were honored today. Their award-winning entries are representative of our organization-wide commitment to telling local stories that matter, with coverage that empowers our viewers to take action and make informed decisions.”

Nexstar and Mission Broadcasting, Inc. stations have garnered over 500 broadcasting and journalism awards since 2009.

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 103 television stations and 54 low power and digital multicast signals reaching 62 markets or approximately 18.0% of all U.S. television households. Nexstar’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and multicast affiliates of 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 171 television stations and their related low power and digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. For more information please visit www.nexstar.tv.

Forward-Looking Statements
This communication 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, Nexstar 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 communication, concerning, among other things, the ultimate outcome and benefits of any possible transaction between Nexstar and Media General and timing thereof, and future financial performance, including 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 timing to consummate the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied and the transaction may not close; the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated, the impact of changes in national and regional economies, the ability to service and refinance our outstanding debt, successful integration of Media General (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, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Unless required by law, Nexstar undertakes 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 communication 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 Media General’s and Nexstar’s filings with the Securities and Exchange Commission.

Contact:
Jerry Walsh
Director of Local Content Development – East Region
Nexstar Broadcasting Group, Inc.
585/287-8084

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