NEW YORK (Standard&Poor's) May 17, 2007--Standard&Poor's Ratings Services said today that its ratings and outlook on Irving, Texas-based Nexstar Broadcasting Group Inc. (B/Negative/--) are not currently affected by the announcement that the company's board of directors is reviewing strategic alternatives that may include a sale of the company. We will continue to monitor the situation and will take an appropriate rating action when the company makes a decision on its strategic review. Nexstar's ratings reflect its high leverage from aggressive debt-financed acquisitions, its relatively weak EBITDA margin and conversion of EBITDA into discretionary cash flow compared with peers, advertising's vulnerability to economic downturns, and TV broadcasting's mature revenue growth prospects. These factors are only partially offset
