The ratings reflect Nexstar Broadcasting Group LLC, and its subsidiary Nexstar Finance LLC's cash flow diversity from small-and medium-size market network affiliated television stations in 13 markets, the stations' good positions in most markets, and demonstrated cash flow improvement at acquired stations. Offsetting factors include high financial risk from debt-financed acquisitions, as well as a competitive, slow-growth television advertising environment and further acquisitions over the longer term that may limit the rate of financial profile improvement. Nexstar owns and/or operates 17 television stations reaching about 2.9% of U.S. television households through 13 markets ranked between 52 and 192 in the eastern, midwestern and south-central U.S. Six stations are affiliated with the NBC Television Network, five with CBS, three with ABC,
