Nexstar owns, operates, or provides services to 11 CBS-affiliated stations. The previous affiliation agreements for the nine stations expired at various times in 2012, 2013 and 2014. The CBS affiliation agreements for WTAJ in Johnstown-Altoona, Pennsylvania and WYOU in Wilkes Barre-Scranton, Pennsylvania (owned by Mission) follow separate renewal schedules and are due to expire in June 2016 and June 2015, respectively.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 55 television stations and 11 related digital multicast signals reaching 32 markets or approximately 9.3% of all U.S. television households. Nexstar’s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, and Bounce TV, the nation’s first over-the-air broadcast television network programmed for African-American audiences and three independent stations. Nexstar’s 31 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 the proposed Newport Television, LLC transaction and the sale of KBTV, Nexstar will own, operate, program or provide sales and other services to 66 television stations and related digital multicast signals reaching 38 markets or approximately 11.4% 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. (Nasdaq: NXST) announced today that it has entered into long-term agreements through December 2018 with the CBS Television Network for eight stations that it owns and operates. The Nexstar-owned CBS-affiliated stations include KLBK in Lubbock, Texas; KLST in San Angelo, Texas; KTAB in Abilene-Sweetwater, Texas; WCIA in Champaign-Springfield-Decatur, Illinois; WFRV in Green Bay, Wisconsin; WJMN in Marquette, Michigan; WMBD in Peoria-Bloomington, Illinois; and WROC in Rochester, New York. In addition, Mission Broadcasting, Inc. has entered into a new long-term affiliation agreement for its CBS-affiliated station KOLR in Springfield, Missouri. Commenting on the agreements, Nexstar Broadcasting Group President and CEO, Perry A. Sook said, “We are delighted to continue our relationship with CBS in these important television markets through the long-term extension of our affiliation agreements. CBS has a strong slate of programming including beloved primetime hits such as The Big Bang Theory, How I Met Your Mother, CSI, and Two Broke Girls; highly-anticipated new Fall series including Elementary and Vegas; award-winning news and information series including 48 Hours Mystery and 60 Minutes; and exciting sports programming like NCAA / NFL Football. Our affiliation with CBS combined with our stations’ market-leading local news and unique community-focused programming allows us to deliver great entertainment and information to viewers as well as superior marketing solutions for advertisers.” "This mutually beneficial long-term affiliation renewal recognizes the value of CBS Television programming," said Diana Wilkin, President of Affiliate Relations for the CBS Television Network said. "These are nine important markets where Nexstar has consistently delivered strong local programming and community service, which has complemented television's #1 line-up and news and sports franchises extremely well. Our companies share a commitment to strengthening our revenues, advertisers and audiences, and these agreements are important to our mutual efforts.”