October 29, 2008

Nexstar Broadcasting’s KBTV-TV in Beaumont, Texas to Become FOX Affiliate As of January 1, 2009

Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that its KBTV-TV television station in Beaumont, Texas will become the market's FOX affiliate as of January 1, 2009. KBTV-TV's current NBC network affiliation expires on December 31, 2008.

According to Nielsen Media's 2008-2009 Local Market Estimates, Beaumont, Texas will be ranked as the 141st largest television market in the country in 2009. KBTV-TV's local news, programming and FOX network programming will be broadcast over the air on channel 4 and KBTV-DT channel 40. KBTV's channel position on cable and satellite systems is expected to remain the same.

Commenting on the agreement, Nexstar Broadcasting Group President and CEO, Perry A. Sook said, "This long-term affiliation agreement with FOX highlights Nexstar's strategic approach to managing its station portfolio. With KBTV's current affiliate agreement ending on December 31, 2008, we explored all alternatives and elected to switch to FOX as it enables Nexstar to broadcast its excellent local news and other programming in additional time slots to meet viewer preferences. KBTV's full power digital signal also represents an upgrade over the existing broadcaster's FOX signal in the market and will allow more viewers to receive great FOX programming and sporting events in High-Definition. We are confident that this is a win-win situation for Nexstar, FOX and Southeast Texas viewers. As such, we see the move quickly elevating our position in the Beaumont, Texas market."

About Nexstar Broadcasting Group, Inc.

Nexstar Broadcasting Group 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, MyNetworkTV and The CW and reaches approximately 8.2% of all U.S. television households.

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