Nexstar Broadcasting Group Reports 2005 Second Quarter Results

Source: Nexstar Press Release Reported total net revenue for the 2005 second quarter was $57.9 million, a decrease of 5.4% from net revenue of $61.2 million in the 2004 second quarter. Nexstar’s financial guidance, issued on May 4,2005, was for 2005 second quarter total net revenue to be approximately $59.0 to $60.0 million, or a decline of approximately 2.0% - 3.6%.

Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group,Inc., commented, “The 2005 second quarter local and national advertising environment was difficult for television broadcasters and for Nexstar Broadcasting. As a result, Nexstar recorded a 1% year over year decline in second quarter gross local and national advertising revenue, excluding political. General weakness in some of our top advertising categories and at our NBC affiliates contributed to the revenue decline. In addition, the year ago second quarter included an incremental $3.5 million in political advertising revenue which impacted total revenue comparisonsto the 2005 second quarter."

“Looking forward, our goal is to quickly recapture operating leverage as expected sales momentum returns in 2006. We expect to do so by cultivating new advertiser and agency relationships and by developing incremental sales channels. As always, we will work diligently to manage our expenses.”

Nexstar Broadcasting Group is the parent company of KARK, Little Rock and KTAL, Shreveport.