Nexstar Media Group Reports Record Second Quarter Net Revenue of $1.27 Billion

Q2 Net Revenue Drives Net Income of $106 Million, Adjusted EBITDA of $398 Million and
Adjusted Free Cash Flow of $78 Million

All-Time High Second Quarter Distribution Revenue

Reduced Year-over-Year Quarterly Losses at The CW by $33 Million

Quarterly Return of Capital to Shareholders of $190 Million, Reducing Shares Outstanding by 1.7%