| [July 06, 2006] |
 |
Nexstar Broadcasting Group Adds Match.com Executive Lisbeth R. McNabb to Board of Directors
IRVING, Texas --(Business Wire)-- July 6, 2006 -- Nexstar Broadcasting Group, Inc. (Nasdaq:NXST) today announced the addition of Lisbeth R. McNabb, 45, to its Board of Directors. McNabb will also serve on the Board of Directors' Audit Committee. Nexstar's Board is now comprised of ten members, four of whom are considered "independent" according to the corporate governance regulations of the Nasdaq Stock Exchange.
McNabb, who currently serves as the Chief Financial Officer at Match.com, brings over twenty years of senior level financial and management experience to her role as a Nexstar Broadcasting Board member. As a member of the Match.com executive business team, Lis McNabb is credited with building financial analysis and business plans that helped drive a 26% rise in revenue and a 134% growth in operating income in 2005.
Prior to joining Match.com in 2005, McNabb was for six years Senior Vice President of Finance and Planning at Sodexho Marriott, an on-site food service and facilities management company and a Director of Business Planning at Frito-Lay for five years. Previous to that she held finance leadership roles with American Airlines and JP Morgan Chase.
Perry Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group, Inc., commented on the appointment, "Lis brings a diverse range of relevant experience to the Nexstar Broadcasting board. She has a successful track record of developing and implementing infrastructures in environments ranging from consumer products to new media. We look forward to benefiting from her experience and knowledge as we pursue strategies to further broaden our reach and diversify our revenue base by leveraging our assets into the new media space, while continuing to elevate our broadcasting operations."
Lisbeth McNabb added, "This is an exciting opportunity for me to join the Board of Directors of a growing television broadcaster that is developing new and innovative initiatives to drive its presence in the new media arena."
Ms. McNabb is currently on the board of the Dallas chapter of Financial Executives International, a national organization for CFOs and finance executives; is associated with the Women's Food Service Forum and has served previously on the board of the Family Place.
About-Nexstar Broadcasting Group, Inc.
Nexstar Broadcasting Group, Inc. currently owns, operates, programs or provides sales and other services to 46 television stations in 27 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar's television station group includes affiliates of NBC, CBS, ABC, FOX and UPN, and reaches approximately 7.0% of all U.S. television households.
Forward-Looking Statements
Statements in this news release which are not purely historical facts, including statements about forecasted financial projections (such as changes in net revenue) or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies in the future, may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties, and are subject to change based on various important factors, including the impact of changes in national and regional economies, our ability to service and refinance our outstanding debt, successful integration of acquired television stations (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations' operating areas, competition from others in the broadcast television markets served by the Company, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this news release might not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K.
[ Back To TMCnet.com's Homepage ]
|
INDUSTRIES
Activate Email 
INDUSTRIES
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 1-3, 2009. Los Angeles, CA.
