In addition, we managed the company, as you know, for free cash flow. Tom and his team have remained active in further reengineering and delevering the balance sheet. During the first quarter, we repaid approximately $18 million in borrowings and most recently announced additional plans to strengthen our capital structure. Tom will go over those activities in just a few moments.Next, our generated total first quarter net revenue of $83.6 million, which as I mentioned is 19.6% rise from the year-ago period, with the increase being broad-based with strong growth in local, national, political, retrans, e-Media and our revenue from management fees. Nexstar's continued leadership in new business development resulted in a 7.8% rise in first quarter local and national revenue, inclusive of 5% increase in local and 15.6% rise in national spot revenue.
Nexstar Broadcasting Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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