Nexstar Broadcasting Group Inc is a Delaware company, founded in 1996. The Company has time brokerage agreements, shared services agreements and joint sales relating to the television stations owned by Mission Broadcasting, Inc., but does not own any of the equity interests in Mission Broadcasting, Inc. It is a television broadcasting and digital media company, engaged in the acquisition, development and operation of television stations and interactive community websites in medium-sized markets in the United States, primarily markets that rank from 35 to 150 out of the 210 DMAs. It owned, operated, programmed or provided sales and other services to 75 television stations and 18 digital multicast channels, including those owned by Mission, in 44 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California and Iowa. The stations it owns and operates or provide services to provide free over-the-air programming to its markets' television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. Competition in the television industry takes place on several levels: competition for audience, competition for programming and competition for advertising. Television broadcasting is subject to the jurisdiction of the FCC under the Communications Act of 1934, as amended.