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"Jimmy Kimmel Live!" to Return to Nexstar's ABC Affiliated Television Stations

1. NXST announced 'Jimmy Kimmel Live!' returns to its ABC-affiliated stations. 2. Nexstar engages with Disney executives over content broadcast concerns. 3. The company emphasizes commitment to factual and unbiased local news. 4. Nexstar operates over 200 stations, reaching 220 million people nationwide. 5. The company highlights its role as a steward of public airwaves.

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FAQ

Why Bullish?

The return of a popular show like 'Jimmy Kimmel Live!' could increase viewership and ad revenue. Increased engagement may positively influence NXST’s financial performance similar to past successful show launches.

How important is it?

The content return aligns with NXST's strategy of delivering engaging content, connecting with core audiences, and supporting ad revenue generation. The audience growth and viewer retention are critical for NXST’s revenue models.

Why Short Term?

The immediate effect from airing a popular show will likely be seen quickly through ratings and ad revenues. Historically, new show launches have demonstrated direct impacts on short-term earnings and stock prices.

Related Companies

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that "Jimmy Kimmel Live!" will return to the company's owned and partner television stations affiliated with the ABC Television Network beginning tonight.

We have had discussions with executives at The Walt Disney Company and appreciate their constructive approach to addressing our concerns. As a local broadcaster, Nexstar remains committed to protecting the First Amendment while producing and airing local and national news that is fact-based and unbiased and, above all, broadcasting content that is in the best interest of the communities we serve. We stand apart from cable television, monolithic streaming services, and national networks in our commitment – and obligation – to be stewards of the public airwaves and to protect and reflect the specific sensibilities of our communities. To be clear, our commitment to those principles has guided our decisions throughout this process, independent of any external influence from government agencies or individuals.

About Nexstar Media Group, Inc.

Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms, including more than 316,000 hours of programming produced annually by its business units. Nexstar owns America's largest local television broadcasting group comprised of top network affiliates, with more than 200 owned or partner stations in 116 U.S. markets reaching 220 million people. Nexstar's national television properties include The CW, America's fifth major broadcast network, NewsNation, our national news network providing "News for All Americans," popular entertainment multicast networks Antenna TV and Rewind TV, and a 31.3% ownership stake in TV Food Network. The Company's portfolio of digital assets, including its local TV station websites, The Hill and NewsNationNow.com, are collectively a Top 10 U.S. digital news and information property. For more information, please visit nexstar.tv.

MEDIA CONTACT:

Gary Weitman

EVP & Chief Communication Officer

972-373-8800

gweitman@nexstar.tv

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