Attachment Exhibit E

This document pretains to SES-T/C-20130301-00230 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2013030100230_987834

ABRY Broadeast Partmers IL, L.P and ABRYBroadcast Purtners I11, L.P, (DB PACTO CONTROL) PCCForm 312 Exhibit E March 2013 EXHTBITE ‘On OF TRANSACTION This application on FCC Form 312 seeks Commission consent to the pro forme transter of contral of Nexstar Broadeasting, fnc. (*Nexster"),the licensee ofthe caith stations identified in the instaat application. More specifically, this application seeks consont to the "downgrading" of the contral exercised over Nexsturby ABRY Broadeast Parters 11 L.P. and ABRYBroadeast PurinersI11, L.P. (collectively SABRY), fromde fure to defacto. This application is relared to a concurrenily—filed broadcast application on FCC Form 316 involving numerous television stations. A complete description of the tramsuetion, as filed with that application. is attached hercto.

FCC Farm 316 Nexstar Broadcasting,Inc. March 2013 Page 1 or 2 Exaum2 pesCRirTION OF TRANsACTION ‘This appliation on FCC lorm 316 soeks Commission consent to the pro forme transtes ofcontral of Nexstar Broadcasting, Inc.(*Nexsta‘), the lienseo of the stations identified in Section HI, Question 5. More specifically, this application seeks conscat tothe "dosrngrading"" of the control exereised over Noxstar by ABRY Browleast Partners 11 L.P. and ABRY Broadoast Pariners 11, L.P. (callectively "ABIEY®), from dejure to de facto As shown in Attachment 1, Nexstar is wholly owned, though an intervening entity,by its indirect parent company Nexstar Broadeasting Group, Inc.(°NBGIY, ABRY currentlyholds stock in NBGI representing approximately 57.2% ofthe company‘s vting power. Thus, ABRY has bothdjure and de futo control ofNBGL and Nexstor. in November 2012, ABRY effectunted a "shelf registrtion‘" of ts NBGI stockfor sae to the public." t is anticipatedthatoverthe next several months, as market conditions warrant, ABRY intends to cammence and complete public offerings of ts stock in NBCI such that, t some paint, ABRY‘s voting stock interest in NBBGI wll deercase to below50%, However, the five ABRY principals who curtcnily me members ofNBGI‘s Board of Directors will remain as board members. Therefore, ABRY will continue to exercise contral ofNBGIs board. in shor, even atthe point at which ABIRY relinguishes defure contzol ofNBGI (throughpublic sals of its stock), ABRY will continue to have de/ato contral by virtue ofits control over the NBGI board. ‘This application secks consont to ABRYs conversion of ts contral from defure to de facto. ! todit, ABIRY hascompletod severa pabi ofeiaps o ts NNGTstockpurmsaneto h selfrepiirton. The prospectas in comeconwithth shelfrepitatio, andthe pospectu upplements n cocctin wl shaftzings to dre ihe mostrecent owhch was fleon‘chrvry3,2013)arc vallbl th S6C‘«DGAK daaboce v compaoy scarch for NHIGL ABIY ceniaes, hawevet to oiacontollngaovont of NBGI‘s sotng stock

ECC Form 316 Nexstar Broadeasting, Inc, March 2013 Page2 of2 ‘The eurrent Hoaed of Directors of NBGI, which will omain contralled by ABRY oven at the point at which ABRY no longer has a 509% or greater votine stack interost, is composed of the following individuals:® Porty A. Sook Euk Brooks® Jay M. Grossman® Brent Stone* Tomer YoscF—Or® Royce Yadkoft® GeoflArmstrons Michael Donovan IMartin Pompadur Lisbeth MeNab (? denotes ABRY principal) 11 is wl—establiched that"sJummary procedurcs i. a"short form"application} may be used when a party ‘down prades® ts interest rom deJure to oefreto control."" Accordingly, Commission consent to ABRY‘s conversion fromdjue to de facto controlis uppropriately sought on PCC Form316. °t is antciped tat o curent mertonof NBGHs Beardwillnot stard for clecionat NBGT‘s next onl darebolder elecion ofdiretors (schodale fr lte May 2013), Fllowing ts cecn, themurberofNBGI boud ineribes will dercas From too ighWhils ths two depatingbord mowbers have notbeen don. one wl bean AHIEY metcr and ons willbo an indepeidantdiclo, Thus, follwiag t eleton ABRY wllcontoue to exareise colrol afthe Boardwitfoueafight nawibrs (atber han thcureafyeof n) ? Stuphen K. Senell, dnvignnonton PrangirsofControl ofFCC Authristirn Uder Sxctn 31040 ofthe Commeniatons t of 1934, 43 ¥o Corm1.3 277, 327 (1901), See Banalt Medta Corp, 19 ¥.C.C2d 290, i2 (1909) (citd in Sewlanile s ovaipleoflhi roposon; Comaitfon araneshoromm appleain far roliquichnentodJurecontrt through publc sls of tocby toity which retined "eomplate conto of inanigeiment d acint opertions"). Liewe,a changefean eacto o de ure contral is consideedan instbstania hn cool und mss banprovedviaashort form applintion, ce Muromadia, Mn 98 1462020 300,recon venied, 36 R.W.24 L198 (194) appeat diniazdsut mon. CalormiaA‘n o the Pystcaly Hundicagpod v PCC,T18 20 B23 (D.C.Ci,Ws)

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Document Modified: 2013-03-01 18:20:54
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