Nexstar Media Group, Inc. (NXST) Corporate Media Kit

Growth in NXST Retransmission Revenue 2015 2016 2017 2018 2019 2020 Broadcast $ 6.4 $ 8.0 $ 9.4 $ 10.6 $ 11.7 $ 12.8 Basic Cable $ 36.3 $ 38.0 $ 39.5 $ 41.0 $ 42.6 $ 44.3 RSN $ 5.2 $ 5.5 $ 5.8 $ 6.2 $ 6.6 $ 6.8 Total $ 47.9 $ 51.5 $ 54.7 $ 57.8 $ 60.9 $ 63.9 Broadcast as % of Total 13.4% 15.5% 17.2% 18.3% 19.2% 20.0% SNL Kagan Programming Cost Estimates Ratings Share of Total % Total Broadcast (8 Networks) 10.81 35% Total Cable (196 Basic Cable Nets) 19.88 65% Total Ratings 30.69 Ratings Relative Share to Basic Cable Nets (%) CBS 2.74 12% NBC 2.57 11% ABC 2.55 11% FOX 1.31 6% The CW 0.47 2% Univision 0.46 2% Telemundo 0.43 2% MyNetwork 0.29 1% Total Broadcast 10.81 35% Comscore TV Essentials Ratings Data 1 • NXST led industry in securing retransmission consideration beginning in 2005 • Acceleration in retransmission revenue post-contract renewal cycle highlights ability to negotiate favorable rates which also leads to competitive advantages in deriving value from station acquisitions – Distribution revenues: FY20 $2.2 bn (+57.3% Y/Y) – ~70% of sub base repriced in 2019, ~18% of sub base repriced in 2020 TV ratings and programming cost analysis supports continued growth in retransmission fee revenues given broadcast’s strong viewership trends compared to basic cable 13 1 Q3 2019 data