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 the year. Nexstar operates 62 TV stations, reaching 11.5% of U.S. TV households. Stations affiliated with the four major networks contribute almost all of the company's revenue. The company has No. 1- or No. 2-rated local news programs in three-quarters of its markets. Strong news ratings indicate a strong brand franchise
