TV broadcaster Nexstar has announced that it is exploring strategic alternatives to maximize shareholder value, including a possible sale of the company. We are placing our ratings on the company, including our 'B' corporate credit rating, on CreditWatch with negative implications, reflecting the possibility that we would lower the rating if the strategic alternatives review leads to a meaningful increase in debt leverage or worsens the liquidity profile of the company. NEW YORK (Standard&Poor's) July 29, 2011--Standard&Poor's Ratings Services said today it placed its ratings on Irving, Texas-based TV broadcaster Nexstar Broadcasting Group Inc. on CreditWatch with negative implications. The CreditWatch listing is in response to the company's announcement that its board is exploring strategic alternatives
