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About the Bounce Network

<span class="Apple-style-span" style="color: rgb(0, 0, 0); font-family: Calibri, Arial; font-size: 15px; line-height: 18px; " mce_style="color: #000000; font-family: Calibri, Arial; font-size: 15px; line-height: 18px; "><span class="No_0020Spacing__Char" style="font-family: Arial; font-size: 11pt; " mce_style="font-family: Arial; font-size: 11pt; ">Bounce TV (</span><a href="https://mail.nexstar.tv/owa/redir.aspx?C=18bb886572f7456e98a0f88870e00423&amp;URL=http%3a%2f%2fbouncetv.com" mce_href="https://mail.nexstar.tv/owa/redir.aspx?C=18bb886572f7456e98a0f88870e00423&amp;URL=http%3a%2f%2fbouncetv.com" target="_blank"><span class="Hyperlink__Char" style="color: rgb(0, 0, 255); " mce_style="color: #0000ff; "><u mce_style="color: #0000ff; font-family: Arial;" style="color: #0000ff; font-family: Arial;">http://bouncetv.com</u></span></a><span class="No_0020Spacing__Char" style="font-family: Arial; font-size: 11pt; " mce_style="font-family: Arial; font-size: 11pt; ">), the nation's first-ever over-the-air broadcast television network programmed for African-American audiences, launches in Wichita Falls on Monday, September 26 on KJTL/18.2 owned and operated by Nexstar Broadcasting Group, Inc (Nasdaq: NXST) and serving&nbsp; the Texoma Community.</span></span>

Wichita Falls (August 18, 2011) - Bounce TV (http://bouncetv.com), the nation's first-ever over-the-air broadcast television network programmed for African-American audiences, launches in Wichita Falls on Monday, September 26 on KJTL/18.2 owned and operated by Nexstar Broadcasting Group, Inc (Nasdaq: NXST) and serving  the Texoma Community.


Bounce TV, a digital over-the-air network, will air twenty four hours a day, seven days a week and will feature a programming mix of theatrical motion pictures, live sporting events, documentaries, specials, inspirational faith-based programs, off-net series, original programming and more.  Martin Luther King III and Ambassador Young are part of Bounce TV's Founding Group and Board of Directors. 


Bounce TV will feature hundreds of motion pictures with African American leads or story lines, including: Jamie Foxx's 2004 Academy Award-winning performance as Ray Charles in Ray; Denzel Washington's Academy Award-nominated role in The HurricaneThe Bone Collector, which pairs Washington with Angelina Jolie; Spike Lee's Do The Right ThingJungle Fever, Mo' Better Blues; The Nutty Professor I and II, starring Eddie Murphy; Bowfinger starring Murphy and Steve Martin; Michael Jackson and Diana Ross headlining The Wiz; the 1995 comedy Major Payne with Damon Wayans; Dave Chappelle's Block Party (2005), the 1976 classic Car Wash and more.


Live sports and events will also be part of the Bounce TV schedule and the network has a multi-year rights agreement with Urban Sports Entertainment Group (USEG) to televise both football and basketball games from the nation's largest African American athletic conference, the Central Intercollegiate Athletic Association (CIAA.) 


"September 26 will be an important milestone as we launch the first-ever independently owned and operated broadcast television network featuring African Americans," said Mr. King III.


"Beginning September 26, our network will deliver free programming for our vastly under-served community and be accessible free, to all homes.  We look forward to Bounce TV entertaining African American viewers, and frankly all Americans, for many years to come," commented Ambassador Young.


Julie Pruett, Vice President and General Manager of Bounce Texoma, commented, "This is a very exciting time for our community and Bounce Texoma, as launching Bounce Texoma reflects our deep commitment to the community and our focus on addressing the interests of our audiences in the region."


For more information on Bounce Texoma viewers can visit Texomashomepage.com/Bounce


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 65 television stations and related digital signals in 36 markets in 16 states and reaches approximately 13.5 million viewers or approximately 11.6% of all U.S. television households.  The stations are affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, LATV, TV Azteca and Telemundo.  The Company's 35 community portal websites offer additional hyper-local content and verticals for consumers and advertisers.

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 protections 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 changes 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 review any forward-looking statements, whether as a results 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.

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