Nexstar Broadcasting to Open New State of the Art Broadcast and Digital Operations Center and High Definition News Facility In Memphis, Tennessee

Nexstar Broadcasting to Open New State of the Art Broadcast and Digital Operations Center and High Definition News Facility In Memphis, Tennessee

Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that after months of planning and construction it will open a new broadcasting and news facility in Memphis to support the operations of WPTY-TV (ABC) and WLMT-TV (CW) serving the Memphis, TN DMA 49, and WJKT-TV (FOX) serving the Jackson, TN DMA 176, and each station’s associated digital services.
News Announcement

For Immediate Release

NEXSTAR BROADCASTING TO OPEN NEW STATE OF THE ART BROADCAST AND DIGITAL OPERATIONS CENTER AND HIGH DEFINITION NEWS FACILITY IN MEMPHIS, TENNESSEE

- Technologically Advanced Operations Center and News Facility Highlights Commitment to Broadcast Excellence for the Local Memphis / Jackson Communities -

IRVING, Texas and MEMPHIS, Tennessee, May 3, 2013 – Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that after months of planning and construction it will open a new broadcasting and news facility in Memphis to support the operations of WPTY-TV (ABC) and WLMT-TV (CW) serving the Memphis, TN DMA 49, and WJKT-TV (FOX) serving the Jackson, TN DMA 176, and each station’s associated digital services.

With entirely new and expanded news production facilities, viewers will experience a contemporary look, design and news set for WPTY and WLMT. In addition, the new facility will feature advanced broadcasting technology for High Definition (HD) production of all on-air programming. The significant investment in completely upgrading all aspects of the operations at WPTY and WLMT highlights Nexstar’s organization-wide commitment to broadcasting excellence for local viewers and the new facility will be operational and fully-staffed on June 1, 2013.

The new 27,000 sq. ft. facility located inside of the Shelby Oaks Corporate Park will feature a dynamic news studio outfitted with the latest HD news production resources and technologies including high definition studio cameras, enhanced meteorological forecasting technology and advanced weather and traffic presentation equipment. The new production and master control infrastructure will enable high definition commercial production and playback. Furthermore, the new Memphis facility will launch a unique news content center that features innovative equipment that allows the stations’ to transcend the traditional news presentation by providing local viewing audiences unique access to the news gathering and technical process.

In line with the Company’s commitment to support local businesses and the community at large, Nexstar has proudly partnered with one of Memphis’ most respected commercial and industrial real estate developers, Belz Enterprises and Belz Architecture and Construction, for all architectural services and construction of this innovative project.

Commenting on the new facility, Nexstar Broadcasting’s Vice President and General Manager for its Memphis and Jackson operations, Ardyth Diercks said, “Nexstar, and our Memphis/Jackson station operations are dedicated to supporting the evolving needs and interests of our local viewing communities, hometown businesses, and public organizations. With our soon-to-open Memphis broadcast and digital operations center and HD news facility, we are simultaneously raising our commitment to our viewers and advertisers with improved and enhanced content, production, marketing opportunities and overall viewing experience for the community at large. Our staff will benefit from the market’s most contemporary facility, fostering greater creativity through a modern work environment. With these many enhancements comes greater service to our viewers and unparalleled marketing results for our advertisers. We are also grateful for our valued partnership with the Belz family of companies throughout this exciting process.”

Morris Thomas, Vice President of Memphis based Belz Enterprises, stated, “We have been delighted to work with Nexstar Broadcasting in building this exceptional, state-of-the-art facility to support their Memphis/Jackson television operations. Belz and Nexstar share a common core commitment to the local communities we serve in Memphis and throughout the United States.”

WPTY and WLMT local community viewers and users may visit community web portal www.abc24.com and click on “New Station,” to stay up-to-date on the exciting technical changes and enhanced content offerings provided by the new Memphis broadcast and digital operations center and HD news facility.

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.

Assuming completion of all announced transactions, Nexstar will own, operate, program or provide sales and other services to 91 stations and 20 related digital multicast signals in 48 markets reaching approximately 13.9% of all U.S. television households.

About Belz
Belz, a leader in Memphis, Tennessee, is one of the South’s largest commercial and industrial real estate developers with interests throughout the Mid-South and much of the country. Belz develops, owns and manages warehouse/distribution, retail, office/showroom, factory outlet malls, apartments/residential developments, land and hotels. Belz total property holdings include more than 20 million square feet of developed property. The properties include more than 25 shopping complexes, ranging from regional malls and community shopping centers to factory outlet malls, as well as hotels, office, industrial and residential developments.

In addition to Memphis, Tennessee, Belz develops, owns and/or manages properties and land tracts in Nashville and Pigeon Forge, Tennessee; Orlando, Florida; New York, New York; Boston, Massachusetts; Greenville, South Carolina; Jonesboro, Arkansas; and Dallas, Texas.

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:

Ardyth Diercks
Vice President / General Manager
WPTY/WLMT/WJKT
Memphis and Jackson, Tennessee
901/321-7623

Joseph Jaffoni, Jennifer Neuman
JCIR
212/835-8500 or nxst@jcir.com

Belz Enterprises
901/260-7400 or info@belz.com


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