• TVNewscheck, Wednesday, August 4, 2010 11:22 PM

Nexstar Broadcasting Group today reported financial results for the second quarter that included net revenue of $74.5 million, a 19.9% increase over the $62.1 it reported in the second quarter of 2009. Gross local revenue was $43.3 million, up 7.8% from $40.2 million and gross national revenue came in at $16.1 million, a 32.6% boost from last year's $12.1 million.

Perry A. Sook, Nexstar chairman-president-CEO, stated: "The record second-quarter net revenue reflects the broad-based advertising recovery, an acceleration of the growth of national revenue, our success in garnering leading shares of political billings in our markets and growth from our other revenue sources. ... During the second quarter, core local and national revenue increased 13.6% while television ad revenue inclusive of political advertising rose 24.6%. Automotive advertising remains robust and increased 37% on a year-over-year basis."

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