Nexstar Broadcasting Launches Inaugural Founder’s Day of Caring to Celebrate 20 Years of Local Excellence and Service

Nexstar Offers Employees Paid Hours of Service in Support of Local
Causes and Will Match Every Hour of Community Service with a
Corresponding Dollar Donation

Sets Goal to Generate 20,000 Hours of Community Service Across 104
Stations in 54 Markets

IRVING, Texas–(BUSINESS WIRE)–To mark twenty years of excellence in local programming and service, Nexstar
Broadcasting Group, Inc.
(Nasdaq: NXST) announced today the launch
of its inaugural Nexstar Founder’s Day of Caring on
Friday, June 17, 2016. Inspired by Nexstar’s long-term commitment to
local communities across the country and the exceptional service
delivered by Nexstar’s local teams each day, the Company is
offering over 4,400 employees across 104 television stations in 54
markets the opportunity to volunteer on behalf of local organizations,
selected by the staff, with the goal of generating 20,000 total hours of
community service.

In support of the Nexstar Founder’s Day of Caring, the
Company is providing its employees paid hours of service, to maximize
participation while ensuring critical broadcast and digital operations
are maintained during service hours. In addition, to further magnify
impact Nexstar is matching each hour of community service with a
corresponding dollar donation to the beneficiary charities, up to a
total of $20,000.

Perry Sook, Nexstar’s Founder, President and Chief Executive Officer,
stated, “Nexstar was founded two decades ago with one television station
in Scranton, Pennsylvania, based on a commitment to deliver exceptional
service to the local communities where we operate. To this day, our
employees’ unwavering dedication to the people and communities we serve
across the United States has been fundamental to our success as we now
own or provide services to 104 television stations in 54 markets. As our
organization grows, we continue to simultaneously raise our commitment
to support the evolving needs and interests of our local viewers,
hometown businesses and community organizations that we proudly serve
each day.

“Our local news programming is an important public service we provide to
local communities and our ability to deliver essential, accurate and
timely information to keep our local viewers safe and informed is a
point of excellence and pride for Nexstar. The launch of our inaugural Nexstar
Founder’s Day of Caring
is an extension of the exceptional work
our local teams have done, and continue to do, to serve local
communities across the country. To celebrate our twentieth anniversary,
Nexstar employees are invited to volunteer on behalf of local causes
dedicated to making a positive difference in the local communities where
they live and work. Each station will have a unique way of demonstrating
its local community commitment and we are proud that our Company
continues to make meaningful contributions in serving the needs of the
local markets where we operate.”

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 104 full power television stations reaching 54 markets or
approximately 18.1% of all U.S. television households. Nexstar’s
portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV
and The CW. Nexstar’s 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 transactions Nexstar will own,
operate, program or provide sales and other services to 171 television
stations and their related low power and digital multicast signals
reaching 100 markets or approximately 39% of all U.S. television
households. For more information please visit www.nexstar.tv.

Contacts

Nexstar Broadcasting Group, Inc.
Timothy Busch, 972-373-8800
Co-Chief
Operating Officer
or
JCIR
Joseph
Jaffoni, Jennifer Neuman
212-835-8500
nxst@jcir.com