Nexstar Broadcasting Group, Inc. : Nexstar Broadcasting Names Matt Velsor Vice President of Business Development for Its Internet Technology Provider Golocal.Biz

- e-Media and Digital Media Convergence Veteran to Oversee Strategic e-Media Sales Planning, Content Syndication, and Distribution -

IRVING, Texas, January 18, 2012 - Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) announced today that Matt Velsor has been named Vice President of Business Development, for its Internet technology provider GoLocal.Biz. Mr. Velsor's appointment highlights Nexstar's commitment to highlight the value of its digital platforms and hyper-local content and verticals before clients and online advertising partners. The appointment is effective immediately, and Mr. Velsor will report to Brian Jones, EVP & Co-Chief Operating Officer of Nexstar Broadcasting.

In his role at Nexstar, Mr. Velsor will be responsible for the content licensing, distribution, syndication and rights management of Nexstar's digital product offerings and will work across the organization with the Company's GoLocal.Biz and e-Media teams to administer policies and procedures to further enhance the effectiveness and monetize the Company's digital technology operations.

Mr. Velsor has over 25 years of media industry sales experience and has devoted the last 12 years to the digital media sector, most recently as Director of Partnerships for Coupons, Inc. the largest distributor of digital coupons which was ranked 21st among the World's Most Important Digital Startups in 2011, by Business Insider. Prior to that, he was the Co-Founder and VP of Business Development for NuWallet, Inc., an innovative digital application business for mobile and tablet e-Commerce transactions.

Matt Velsor also previously held senior management positions at AOL and Yahoo, two of the world's largest Internet portals, where he established a track record for initiating opportunities to showcase broadcast content in new mediums including online video and other digital applications. At AOL, he demonstrated his effective digital media and business development leadership overseeing a team that helped launch the first AOL Video Portal with over 50 broadcast and digital video partners. Mr. Velsor received the AOL Business Development "Commitment to Excellence Award" for devising and executing a business strategy for the AOL Coaches program, which developed into a successful franchise implemented across multiple verticals and generating incremental advertising revenue. Prior to AOL, he was part of the business development team for video steaming Internet start-up Broadcast.com, that was later acquired by Yahoo! After the acquisition, Mr. Velsor served as the Manager of the TV division where he conceived and implemented the strategic business model for Yahoo! Broadcast!, which under his leadership generated significant advertising and service revenue growth.

Brian Jones commented on the appointment, "Our e-Media community portals have grown to be a critical market resource for local businesses, organizations, and consumers and represents a fast growing, high margin revenue stream for Nexstar. GoLocal.Biz vertically integrates a critical function of our community portal web sites and is ready to be offered to other web publishers seeking to generate local revenues. Matt has a deep understanding of both digital media and the broadcasting industry and has a proven record of forging strong relationships between clients, advertisers, and web publishers. His appointment adds to the strength of our GoLocal.Biz and e-Media technology teams and supports our goals for continued near- and long-term growth in our digital advertising supported revenue channels.

Mr. Velsor added, "Nexstar has a dedicated team that understands how to operate in a dynamic multi-platform world and their strong commitment to the local communities and businesses in each of their markets is a key differentiator among peers. I look forward to working with Brian, the GoLocal.Biz and e-Media technology teams to develop new strategies while building upon an already impressive record of client service excellence and user engagement."

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.

Forward-Looking Statements
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Contact:
Brian Jones Joseph Jaffoni
Executive Vice President & COO Jaffoni & Collins Incorporated
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