Revenue during the quarter surged 111.34 percent to $540.32 million from $255.66 million in the previous year period. Gross margin for the quarter contracted 559 basis points over the previous year period to 60.01 percent. Total expenses were 79.61 percent of quarterly revenues, up from 77.34 percent for the same period last year. That has resulted in a contraction of 227 basis points in operating margin to 20.39 percent.

Operating income for the quarter was $110.15 million, compared with $57.93 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $123.81 million compared with $82.25 million in the prior year period. At the same time, adjusted EBITDA margin contracted 926 basis points in the quarter to 22.92 percent from 32.17 percent in the last year period.

Perry A. Sook, chairman, president and chief executive officer of Nexstar Broadcasting Group, Inc. commented, "Nexstar’s record first quarter results highlight our expanded scale, ongoing diversification and unwavering commitment to localism, innovation and growth as we capitalize on the many opportunities to serve viewers and businesses in our local markets. Our record first quarter net revenue led to record cash flows before the impact of $47.7 million of one-time transaction expenses which we disclosed and estimated at $46.0 million on our fourth quarter conference call. A partial quarter’s contribution from the Media General transaction and the continued strength of Nexstar’s legacy operations led to triple digit growth in all of our non-political revenue sources and combined with our expense discipline and focus on managing operations for cash flow, resulted in BCF, Adjusted EBITDA and free cash flow growth before transaction expenses of 91.9%, 97.6% and 80.5%, respectively. Importantly, the Media General integration and synergy realization plans are proceeding ahead of schedule, and to date we have harvested approximately 85% of the $81 million of year one synergies we previously identified."