Nexstar Media (NXST) 10-K 2011 FY Annual report

Exhibit 10.26

AMENDMENT OF OPTION AGREEMENT

This Amendment to Option Agreement (“Amendment”) is entered into as of April 25, 2011 by and between Mission Broadcasting, Inc. (“Mission”) and Nexstar Broadcasting, Inc. (“Nexstar”).  Each of Mission and Nexstar may be referred to herein as a “party” and collectively as the “parties.”

WHEREAS, Mission is the Federal Communications Commission (“FCC”) licensee of television broadcast station KODE-TV, Joplin, Missouri (the “Station”).

WHEREAS, Nexstar and Mission are parties that certain Option Agreement dated as of April 24, 2002, which outlines the terms and conditions upon which Nexstar could purchase from Mission the assets of the Station consistent with the rules and written policies of the FCC (the “Option Agreement”).  Capitalized terms not otherwise defined herein shall have the meaning assigned to such terms in the Option Agreement.

WHEREAS, the Option Agreement’s expiration date is the ninth anniversary of the Option Agreement.

WHEREAS, the parties desire to extend the Option Agreement for an additional ten (10) year term.

NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.   Option Expiration Date.  The parties hereby agree to extend the expiration date of the Option Agreement to April 24, 2021.

2.   No Other Amendment.  No terms of the Option Agreement, other than the Option Expiration Date, are amended or modified by this Amendment, and the Option Agreement, as so extended hereby, remains in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first written above.

MISSION BROADCASTING, INC.	NEXSTAR BROADCASTING, INC.
By:  /s/ Dennis Thatcher	By:  /s/ Perry A. Sook
Dennis Thatcher	Perry A. Sook
Chief Operating Officer	President & Chief Executive Officer