Nexstar Broadcasting Group Relocates Corporate Headquarters To The Summit At Las Colinas In Irving, Texas

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- New 22,000 Square Foot Office Supports Rapidly Growing Television Station and Digital Media Platform -

 

IRVING, Texas, January 2, 2014 – Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced today that effective January 1, 2014, it relocated its entire corporate staff to new headquarters at The Summit at Las Colinas located at 545 East John Carpenter Freeway in Irving.


Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group, Inc., commented, “The relocation of our headquarters reflects Nexstar’s rapid growth and expansion.  Since July 2012, Nexstar has completed or announced over $855 million in accretive transactions, adding 55 television stations and expanded digital media operations to its portfolio.  The new corporate offices provide Nexstar with economic and operational benefits as well as capacity for continued growth as we seek to further expand our local marketing solutions platform of leading broadcast and digital media assets.”


Nexstar’s new address is:
Nexstar Broadcasting Group, Inc.
545 East John Carpenter Freeway, Suite 700
Irving, TX  75062


All other contact information for Nexstar management and its team, including e-mail addresses, phone (972/373-8800), and fax numbers are unchanged.

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, e-MEDIA, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 72 television stations and 13 related digital multicast signals reaching 41 markets or approximately 12.1% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, and Bounce TV, the nation’s first over-the-air broadcast television network programmed for African-American audiences and two independent stations. Nexstar’s 43 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 provides sales and other services to 108 television stations and related digital multicast signals reaching 56 markets or approximately 16.0% 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 E. Carter                                               Joseph Jaffoni, Jennifer Neuman
Chief Financial Officer                                          JCIR
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

News Source : Nexstar Broadcasting Group Relocates Corporate Headquarters To The Summit At Las Colinas In Irving, Texas

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