NEW YORK (Standard&Poor's) Sept. 28, 2001--Standard&Poor's today revised its outlook on Nexstar Broadcasting Group LLC to negative from stable. All ratings on Nexstar are affirmed (see list below). The outlook revision is based on concern that the softer than anticipated advertising environment could weaken Nexstar's credit measures below the level appropriate for the rating. Bank financial covenant compliance will also likely be an issue for the company in the second half of 2001. The advertising downturn, which has persisted since late 2000, has been aggravated by the recent terrorist attacks in the U.S. The U.S. military response could deepen and prolong the already weak ad climate. Local advertising, which has held up better than national so
