Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (the “Company”) announced today the expiration and final results of the previously announced cash tender offer and consent solicitation by its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (“Nexstar Broadcasting”), to purchase any and all of its outstanding $3,912,000 aggregate principal amount of 7% Senior Subordinated Notes due 2014 (the “2014 Notes”) and $112,593,449 aggregate principal amount of 7% Senior Subordinated PIK Notes due 2014 (the “2014 PIK Notes” and, together with the 2014 Notes, the “Notes”). The tender offer expired pursuant to its terms at midnight, New York City time, on November 21, 2012 (the “Expiration Date”). On November 9, 2012 (the “Early Settlement Date”), Nexstar Broadcasting made a payment in cash for all Notes tendered prior to 5:00 p.m., New York City time, on November 6, 2012 (the “Consent Payment Deadline”). As of the Consent Payment Deadline, Nexstar Broadcasting had received tenders and consents in respect of (i) $3,840,000 aggregate principal amount of 2014 Notes, representing approximately 98.16% of the outstanding aggregate principal amount of the 2014 Notes, and (ii) $110,709,613 aggregate principal amount of 2014 PIK Notes, representing approximately 98.33% of the outstanding aggregate principal amount of the 2014 PIK Notes, all of which were accepted for purchase. The holders of the accepted Notes received total consideration of $1,003.00 per $1,000 of principal amount tendered, which amount included a consent payment of $10.00 per $1,000 principal amount of Notes tendered. The total cash payment to purchase such Notes, including accrued and unpaid interest up to, but not including, the Early Settlement Date, was approximately $117.4 million. As of the Consent Payment Deadline, Nexstar Broadcasting also received consents from holders representing a majority in aggregate principal amount outstanding of each of the 2014 Notes and the 2014 PIK Notes to adopt the proposed amendments to the indentures governing each of the 2014 Notes and the 2014 PIK Notes. On the Early Settlement Date, Nexstar Broadcasting and the guarantors party to each of the indentures governing each of the 2014 Notes and the 2014 PIK Notes entered into supplemental indentures effecting the proposed amendments with respect to each series of Notes.