NEWS

Nexstar Issues $130,000,000 Senior Discount Notes

On March 18, 2003 Nexstar successfully issued $130,000,000 of 11 3/8% Senior Discount Notes, due 2013, via joint-managers Banc of America Securities LLC and Bear Stearns & Co. Nexstar will use the proceeds of the offering to fund station acquisitions, to repay debt, and for general corporate purposes.

Nexstar Broadcasting Group, headquartered in Irving, Texas, is a leading operator of broadcast television stations focused exclusively on the acquisition, development, and operation of small to medium-sized television markets in the United States.