Charter Communications Subscribers in Fifteen Markets to Lose Network & Local Programming at Midnight as Charter Fails to Rea...

Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced today that Charter Communications, Inc. ("Charter") (NASDAQ: CHTR) has failed to reach a distribution agreement to allow the cable television provider the right to continue to air Nexstar’s highly rated programming. As a result, Charter subscribers in fifteen markets will lose network, local news and other programming at 11:59 p.m. ET tonight at the time the current agreement expires.

Nexstar has established a long-term record of completing hundreds of agreements with cable, satellite providers and telecom companies for the carriage of its programming and is proud of the fact that it has had no material service interruptions related to distribution agreements since 2005. Since September, Nexstar has been negotiating in good faith to establish a mutually agreeable contract with Charter and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets.

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, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 80 television stations and 20 related digital multicast signals reaching 46 markets or approximately 13.1% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, Bounce TV, Me-TV, and LATV. Nexstar’s 48 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 110 television stations and related digital multicast signals reaching 58 markets or approximately 18.0% 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.

Nexstar Broadcasting Group, Inc.Thomas E. Carter, 972-373-8800Chief Financial OfficerorJCIRJoseph Jaffoni, Jennifer [e-mail]