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TheStreet Open House

Nexstar Broadcasting Group's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Nexstar Broadcasting Group (NXST)

Q4 2011 Earnings Call

March 08, 2012 10:00 am ET

Executives

Perry A. Sook - Founder, Executive Chairman, Chief Executive Officer, President, Chief Executive Officer of Nexstar Broadcasting Inc, President of Nexstar Broadcasting Inc and Director of Nexstar Broadcasting Inc

Thomas E. Carter - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Analysts

Bishop Cheen - Wells Fargo Securities, LLC, Research Division

John Kornreich

Edward J. Atorino - The Benchmark Company, LLC, Research Division

Harry DeMott

Barry L. Lucas - Gabelli & Company, Inc.

Unknown Analyst

Presentation

Operator

Good day, and welcome to the Nexstar Broadcasting Group's 2011 Fourth Quarter Conference Call. Today's call is being recorded. All statements and comments made by management during this conference and other statements of historical fact may be deemed forward-looking statements within the meaning of Section 21 of the Securities Act of 1933 and Section 21A of the Securities and Exchange Act of 1934. The company's future financial conditions and results of operation, as well as forward-looking statements, are subject to change. The forward-looking statements and comments made during the conference call are made only as of the date of today's conference call. Management will also be discussing non-GAAP information during this call. In compliance with Regulation G, reconciliations of this non-GAAP statement and GAAP measurements are included in today's news announcement. The company does not undertake any obligation to update forward-looking statements reflective of changes and circumstances. In addition, given Nexstar's announcement of July 21, 2011, that the company's Board of Directors decided to explore and evaluate strategic alternatives intended to maximize shareholder value, including a possible sale of the company, Nexstar does not intend to disclose developments with respect to the strategic review process until such time as the Board of Directors has approved a transaction or otherwise deems disclosure appropriate. As such, management will not be making comments on this topic today.

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