Good cash flow diversity from portfolio of major-network-affiliated TV stations. Geographic diversification that helps temper the effect of regional economic softness. Mature revenue growth prospects for the TV broadcasting business. Increased competition for audience and advertisers from traditional and nontraditional media. Risks to the company's Fox affiliations, stemming from tough negotiations regarding programming fees to Fox. Uncertainty regarding Nexstar's business and financial strategy. Elevated debt levels from aggressive, debt-financed TV station acquisitions. Standard&Poor's Ratings Services' corporate credit rating on Irving, Texas-based TV broadcaster Nexstar Broadcasting Group Inc. is currently on CreditWatch, where it was placed with negative implications on July 29, 2011, in response to the company's announcement that its board is exploring strategic alternatives to maximize shareholder
