Good cash flow diversity from portfolio of major network-affiliated TV stations Geographic diversification that helps temper the effect of regional economic softness Elevated debt levels from aggressive, debt-financed TV station acquisitions Mature revenue growth prospects for the TV broadcasting business Increased competition for audience and advertisers from traditional and nontraditional media Standard&Poor's Ratings Services' 'B' corporate credit rating on Irving, Texas-based TV broadcaster Nextar Broadcasting Group Inc. reflects our expectation that Nexstar's core ad revenue will continue growing modestly in 2010 and 2011. The EBITDA growth resulting from the rebound in core advertising, combined with political ad revenue from the 2010 midterm elections should, in our view, enable Nexstar to reduce its leverage significantly by the end of
