October 23, 2008

Nexstar Broadcasting to Report 2008 Third Quarter Financial Results, Host Conference Call and Webcast on November 10

Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today that it will report its 2008 third quarter financial results before the market opens on Monday, November 10, 2008. The Company will host a conference call and webcast at 10:00 a.m. EST that morning to review the results.

To access the conference call by telephone, interested parties may dial 212/231-2900 (303/223-0120 for international callers.) A replay will be available through November 15, 2008 by dialing 800/633-8284 (402/977-9140 for international callers) and entering access code 21397591. Participants can also listen to a live webcast of the call through the Investor Relations section of Nexstar's website at www.nexstar.tv. A webcast replay will be available for 60 days following the live event.

Please call five minutes in advance to ensure that you are connected. Questions and answers will be taken only from participants on the conference call. For the webcast, please allow 15 minutes to register and download and install any necessary software.

About Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group, Inc. currently owns, operates, programs or provides sales and other services to 50 television stations in 29 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX, My Network and CW, and reaches approximately 8.2% of all U.S. television households.