Entry into Employment Agreement Addendum

On November 13, 2008, pursuant to authorization from the Compensation Committee, Nexstar Broadcasting Group, Inc. (the "Company") entered into an addendum to the Executive Employment Agreement with Perry A. Sook, the Company's President and Chief Executive Officer, dated as of January 5, 1998, and as amended on May 10, 2001, September 26, 2002, August 25, 2003 and July 2, 2007 (as amended, the "Employment Agreement"). The addendum extends the term of Mr. Sook's employment with the Company until December 31, 2011, with automatic renewal provided for successive one-year periods, subject to earlier termination under specified circumstances.

The amendment modifies Mr. Sook's base salary as set forth below.

            Period                                         Base Salary
            From January 1, 2008 until December 31, 2008   $    750,000
            From January 1, 2009 until December 31, 2009   $    900,000
            From January 1, 2010 until December 31, 2010   $    950,000
            From January 1, 2011 until December 31, 2011   $  1,000,000

In addition, Mr. Sook will be eligible to receive an annual bonus in the amounts and on the dates set forth below based on, among other things, whether the Company achieved the economic targets established by the Compensation Committee for such fiscal year and whether Mr. Sook achieved the personal goals established for him by the Compensation Committee for such fiscal year.

             Period                                           Bonus
             From January 1, 2008 until December 31, 2008   $ 375,000
             From January 1, 2009 until December 31, 2009   $ 450,000
             From January 1, 2010 until December 31, 2010   $ 475,000
             From January 1, 2011 until December 31, 2011   $ 500,000

The addendum makes certain modifications to the covenant not to compete provision in the Employment Agreement in light of recent developments in Texas law governing non-compete provisions. Under the Employment Agreement, Mr. Sook will not be allowed to compete with the Company and its business during his employment with the Company or for a one-year period thereafter.

Finally, the addendum provides that all claims under the Employment Agreement shall be resolved in binding arbitration conducted in Dallas, Texas according to the Commercial Arbitration Rules of the American Arbitration Association. All other terms and conditions of the Employment Agreement remain unchanged.

The Company has agreed to pay to Mr. Sook an amount equal to $350,000 upon signing of the addendum.

The disclosure required by this item is included in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference.

(d) Exhibits.

None.