Document:

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                                                                    Exhibit 10.5
                                                                    ------------

              SECOND AMENDMENT TO CREDIT AGREEMENT, LIMITED CONSENT
                               AND LIMITED WAIVER

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT, LIMITED CONSENT AND LIMITED
WAIVER (this "Amendment"), dated as of June 5, 2002, is among NEXSTAR FINANCE,
L.L.C., a Delaware limited liability company (the "Borrower"), NEXSTAR
BROADCASTING GROUP, L.L.C., a Delaware limited liability company (the "Ultimate
Parent"), the other Parent Guarantors (as such term is defined in the
hereinafter described Credit Agreement) parties to this Amendment, the several
Banks (as such term is defined in the hereinafter described Credit Agreement)
parties to this Amendment, and BANK OF AMERICA, N.A., as Administrative Agent
for the Banks (in such capacity, the "Administrative Agent").

                                R E C I T A L S:

         A. The Borrower, the Ultimate Parent, the other Parent Guarantors, the
Administrative Agent, Barclays Bank PLC, as Syndication Agent, First Union
National Bank, as Documentation Agent, and the several Banks parties thereto
entered into that certain Amended and Restated Credit Agreement dated as of June
14, 2001 (as amended by that certain First Amendment and Limited Consent dated
as of November 14, 2001, the "Credit Agreement"). Capitalized terms used and not
otherwise defined herein shall have the meanings ascribed to them in the Credit
Agreement.

         B. The Ultimate Parent and the Borrower have advised the Administrative
Agent that, in connection with the proposed sale (the "Initial Public Offering")
of Class A common stock of Nexstar Broadcasting Group, Inc., a Delaware
corporation formerly known as Nexstar Equity Corp. ("Group"), in a public
offering registered under the Securities Act of 1933, as amended, they wish to
effect the following transactions (collectively, the "Proposed Transactions"):

                  (i) the redemption by the Ultimate Parent of the outstanding
         Series AA Preferred Interests and Series BB Preferred Interests of the
         Ultimate Parent (the "Existing Parent Preferred Equity"), which
         redemption (the "Preferred Redemption") will be effected on the date
         of, but prior to, the Mergers (as defined below) and the Initial Public
         Offering by the Ultimate Parent distributing to the holders of the
         Existing Parent Preferred Equity (a) promissory notes of Nexstar
         Finance Holdings II, L.L.C., a Delaware limited liability company
         ("Nexstar Finance Holdings II"), presently held by the Ultimate Parent
         (the "Holdings II Notes"), and (b) cash (the "Cash Redemption Payment")
         in an amount equal to the excess of the amount of the aggregate
         redemption price payable to the holders of the Existing Parent
         Preferred Equity over the aggregate unpaid principal amount of, and
         unpaid accrued interest on, the Holdings II Notes;

                  (ii) the distribution by the Borrower to Nexstar Finance
         Holdings, L.L.C., a Delaware limited liability company ("Nexstar
         Finance Holdings LLC"), of cash in an amount equal to the amount of the
         Cash Redemption Payment, followed by a distribution by Nexstar Finance
         Holdings LLC to Nexstar Finance Holdings II in the same amount,
         followed by a distribution by Nexstar Finance Holdings II to Nexstar
         Broadcasting of Rochester, Inc., a Delaware corporation ("Nexstar
         Rochester") in the same amount and a

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         distribution by Nexstar Rochester to the Ultimate Parent in the same
         amount, each to be effected on the date of the Initial Public Offering
         and prior to the Preferred Redemption (such distributions and loan
         being referred to as the "Cash Redemption Funding");

                  (iii) the merger (prior to the Initial Public Offering but
         following the Preferred Redemption) of the Ultimate Parent and the
         other Parent Guarantors (other than Nexstar Finance Holdings LLC and
         Nexstar Finance Holdings, Inc.) with and into Group, with Group being
         the surviving Person of such mergers (the "Parent Mergers"), pursuant
         to which Parent Mergers, inter alia, the holders of the remaining
         membership interests of the Ultimate Parent will be issued common stock
         of Group in lieu of such interests;

                  (iv) the merger of Nexstar Finance Holdings LLC with and into
         Nexstar Finance Holdings, Inc., a Delaware corporation ("Nexstar
         Finance Holdings"), with Nexstar Finance Holdings being the surviving
         Person of such merger (the "Holdco Merger");

                  (v) the merger of the Borrower with and into Nexstar Finance,
         Inc., a Delaware corporation ("Nexstar Finance"), with Nexstar Finance
         being the surviving Person of such merger (the "Borrower Merger" and,
         together with the Parent Mergers and the Holdco Merger, collectively,
         the "Mergers");

                  (vi) the repayment by Group (as the successor to Nexstar
         Finance Holdings II after the Parent Mergers) in full, in cash, of the
         unpaid principal amounts of, and unpaid accrued interest on, the
         Holdings II Notes from a portion of the Net Issuance Proceeds of the
         Initial Public Offering (the "Holdings II Notes Repayment");

                  (vii) a loan by Nexstar Finance to one or more of the
         Bastet/Mission Borrowers of not more than $20,000,000 of the Net
         Issuance Proceeds of the Initial Public Offering contributed to Nexstar
         Finance as common equity (the "Initial Nexstar-Bastet/Mission Loan"),
         100% of the proceeds of which Initial Nexstar-Bastet/Mission Loan will
         be used, immediately upon the receipt thereof by such Bastet/Mission
         Borrower(s), to repay outstanding Bastet/Mission Loans, and, from time
         to time after the Initial Nexstar-Bastet/Mission Loan, other loans by
         Nexstar Finance or other Nexstar Entities to one or more of the
         Bastet/Mission Borrowers (together with the Initial
         Nexstar-Bastet/Mission Loans, collectively, the "Nexstar-Bastet/Mission
         Loans"), the aggregate outstanding principal amount of which
         Nexstar-Bastet/Mission Loans (inclusive of the outstanding principal
         amount of the Initial Nexstar-Bastet/Mission Loan) shall not exceed
         $30,000,000 at any time; and

                  (viii) a loan by Group of not more than $3,000,000 of the Net
         Issuance Proceeds of the Initial Public Offering to Sook (the "Sook
         Loan"), 100% of the proceeds of which Sook Loan will be used,
         immediately upon the receipt thereof by Sook, to repay outstanding
         Management Loans.

         C. The Ultimate Parent and the Borrower have further advised the
Administrative Agent that the following parties effected the following
transactions, in each case in violation of clause (ii) of Section 8.14 of the
Credit Agreement and Section 3.7 of the Security Agreement to which each is a
party (collectively, the "Existing Defaults");

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                  (i) Nexstar Broadcasting of Beaumont/Port Arthur, Inc. amended
         its certificate of incorporation to change its name to KBTV
         Broadcasting Inc.;

                  (ii) Nexstar Broadcasting of Wichita Falls, Inc. amended its
         certificate of incorporation to change its name to KFDX Broadcasting
         Inc.;

                  (iii) Nexstar Broadcasting of Abilene, Inc. amended its
         certificate of incorporation to change its name to KTAB Broadcasting,
         Inc.;

                  (iv) Nexstar Broadcasting of Midland-Odessa, Inc. amended its
         certificate of incorporation to change its name to KMID Broadcasting
         Inc.;

                  (v) Nexstar Broadcasting of Louisiana, Inc. amended its
         certificate of incorporation to change its name to KTAL Broadcasting
         Inc.; and

                  (vi) Nexstar Broadcasting Group, Inc. amended its certificate
         of incorporation to change its name to Nexstar Management, Inc.

         D. The Ultimate Parent and the Borrower have requested that (i) the
Banks consent to the consummation of the Proposed Transactions, (ii) the Banks
waive the Existing Defaults, (iii) the Term B Banks amend the definition of
Applicable Margin in certain respects applicable to the Term B Loans, and (iv)
the Banks agree to certain amendments to the Credit Agreement in connection with
the Mergers and the Initial Public Offering, in each case as more fully set
forth herein.

         E. The several Banks parties to this Amendment (which Banks constitute
the Majority Banks (and, further, must include all of the Term B Banks, in order
for the amendment set forth in Section 1(a)(i) below to become effective) as
required under the Credit Agreement to grant the consents and waivers and effect
the amendments intended hereby) are willing to grant the above-described
consents and waivers and agree to the above-described amendments, subject in
each case to the performance and observance in full of each of the covenants,
terms and conditions, and in reliance upon all of the representations and
warranties of the Borrower and the Parent Guarantors, set forth herein.

         NOW, THEREFORE, in consideration of the premises and the covenants,
terms and conditions, and in reliance upon the representations and warranties,
in each case contained herein, the parties hereto agree hereby as follows:

         Section 1. AMENDMENTS TO CREDIT AGREEMENT. Subject to the covenants,
terms and conditions set forth herein and in reliance upon the representations
and warranties of the Borrower and the Parent Guarantors herein contained, the
parties to this Amendment hereby agree to amend the Credit Agreement as set
forth below in this Section 1.

         (a) Effective as of the Amendment Effective Date (as defined in Section
6(e) below), the Credit Agreement is amended as follows:

                  (i) the definition of "Applicable Margin" in Section 1.01 of
         the Credit Agreement is amended by deleting clause (iii) thereof in its
         entirety and the inserting the following in lieu thereof:

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                           "(iii) with respect to Term B Loans which are
                  Eurodollar Loans, 3.250%,"

                  (ii) all references in the Credit Agreement to "the fourth
         anniversary of the effective date of the Existing Credit Agreement" are
         amended to refer to "January 12, 2005";

                  (iii) Sections 2.05(d) and 2.08(a)(i) are amended by deleting
         the date "March 31, 2002" in each place where it appears therein and
         inserting "June 30, 2003" in lieu thereof; and

                  (iv) the reference to "Nexstar Broadcasting Group, Inc." in
         Section 8.06(c) is amended to read "Nexstar Management Inc. (f/k/a
         Nexstar Broadcasting Group, Inc.)".

         (b) Effective as of the effective date of the Mergers, but subject in
all cases to the satisfaction of the conditions relating to the Mergers set
forth in Section 2(a) below, the Credit Agreement is amended as follows:

                  (i) the reference to "Nexstar Broadcasting Group, L.L.C., a
         limited liability company organized under the laws of the State of
         Delaware" set forth in the preamble to the Credit Agreement is amended
         to read, "Nexstar Broadcasting Group, Inc., a corporation organized
         under the laws of the State of Delaware";

                  (ii) the reference to "Nexstar Finance, L.L.C., a limited
         liability company organized under the laws of the State of Delaware"
         set forth in the preamble to the Credit Agreement is amended to read,
         "Nexstar Finance, Inc., a corporation organized under the laws of the
         State of Delaware";

                  (iii) the definitions of "Bridge Loan Agreement", "Exchange
         Equity", "Existing Holdings Preferred Equity", "Holding Company", "New
         Holding Company", "Nexstar Equity", "Nexstar Equity Investor Rights
         Agreement", "Nexstar Equity Reimbursement Agreement", "Nexstar Equity
         Unit Agreement", "Nexstar Finance Holdings Bridge" and "Permitted
         Holdings Preferred Equity" in Section 1.01 are deleted in their
         entirety;

                  (iv) the following definitions of "Initial Public Offering"
         and "Nexstar Stockholders Agreement" are inserted in Section 1.01 in
         the appropriate alphabetical position therein:

                           "Initial Public Offering" means the sale by Nexstar
                  Broadcasting Group, Inc., a Delaware corporation formerly
                  known as Nexstar Equity Corp. of its Class A common stock in a
                  public offering registered under the Securities Act of 1933,
                  as described in that certain Second Amendment to Credit
                  Agreement, Limited Consent and Limited Waiver dated as of June
                  __, 2002, among the Ultimate Parent, Nexstar Finance, the
                  other Subsidiaries of the Ultimate Parent parties thereto, the
                  Banks parties thereto, and the Administrative Agent.

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                          "Nexstar Stockholders Agreement" means the
                  Stockholders Agreement dated on or about the date of the
                  Initial Public Offering, among the Ultimate Parent, ABRY L.P.
                  II, ABRY L.P. III, Banc of America Capital Investors and Sook,
                  as in effect on the date thereof.

                  (v) the definitions of "Change of Control", "Consolidated
         Interest Coverage Ratio", "Credit Parties", "Nexstar Finance Holdings",
         "Parent Guaranty Agreements", "Parent Subordinated Convertible
         Promissory Note", "Permitted Affiliate Transactions", "Permitted
         Borrower Preferred Equity", "Permitted Parent Preferred Equity",
         "Permitted Permanent Holdings Preferred Equity" and "Required Junior
         Capital" in Section 1.01 are amended to read in full as follows:

                           "Change of Control" means any of the following: (i)
                  either (x) the aggregate remaining cost basis of ABRY L.P.
                  II's and ABRY L.P. III's combined equity interests in the
                  Ultimate Parent shall be less than $50,000,000 or (y) ABRY
                  L.P. II and ABRY L.P. III, taken together, shall cease to be
                  able to elect a majority of the board of directors or similar
                  governing persons of the Ultimate Parent; (ii) ABRY L.P. II
                  and ABRY L.P. III, taken together, shall cease to directly or
                  indirectly own and hold at least (x) 66 2/3% on a fully
                  diluted basis of the voting interests in the Ultimate Parent
                  and (y) 51% on a fully diluted basis of the economic interests
                  in the Ultimate Parent (excluding the Permitted Parent
                  Preferred Equity); (iii) ABRY L.P. II or ABRY L.P. III, taken
                  together, shall neither directly nor indirectly control
                  management of the Ultimate Parent whether by ownership of
                  voting securities, contract or otherwise; (iv) ABRY Capital
                  shall cease to be the sole general partner of ABRY L.P. II or
                  ABRY Equity shall cease to be the sole general partner of ABRY
                  L.P. III; (v) ABRY Holdings shall cease to be the sole general
                  partner of ABRY Capital or ABRY Holdings III shall cease to be
                  the sole general partner of ABRY Equity; (vi) ABRY Holdings
                  Co. shall cease to be the sole member of ABRY Holdings or ABRY
                  Holdings III Co. shall cease to be the sole member of ABRY
                  Holdings III; (vii) the Ultimate Parent shall cease to own,
                  directly or indirectly, 100% on a fully diluted basis of the
                  Capital Stock of Nexstar Finance Holdings other than Permitted
                  Permanent Holdings Preferred Equity; or (viii) Nexstar Finance
                  Holdings shall cease to own 100% on a fully diluted basis of
                  the Capital Stock of the Borrower other than Permitted
                  Borrower Preferred Equity.

                           "Consolidated Interest Coverage Ratio" means, on any
                  date, the ratio of (i) Consolidated Operating Cash Flow of the
                  Borrower and its Subsidiaries for the applicable Measurement
                  Period relating to such date to (ii) the Consolidated Cash
                  Interest Expense of the Borrower and its Subsidiaries for such
                  Measurement Period relating to such date, plus Consolidated
                  Cash Interest Expense of Nexstar Finance Holdings with respect
                  to Permitted Holdings Unsecured Indebtedness and Permitted
                  Permanent Holdings Preferred Equity for such Measurement
                  Period relating to such date, plus Consolidated Cash Interest
                  Expense of the Ultimate Parent with respect to Permitted
                  Parent Preferred Equity (other than the Permitted Parent
                  Preferred Equity redeemed immediately prior to the Initial
                  Public Offering) for such Measurement Period relating to such
                  date.

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                           "Credit Parties" means the collective reference to
                  the Parent Guarantors, the Borrower, the Subsidiary
                  Guarantors, the Bastet/Mission Entities and any other Person
                  hereafter executing and delivering a Security Document or a
                  Guarantor Agreement or any equivalent document for the benefit
                  of the Administrative Agent and/or any Bank; provided that
                  David S. Smith will not be deemed to be a Credit Party.

                           "Nexstar Finance Holdings" means Nexstar Finance
                  Holdings, Inc., a Delaware corporation.

                           "Parent Guaranty Agreements" means the collective
                  reference to (i) the Guaranty Agreement of the Ultimate Parent
                  and Nexstar Finance Holdings dated as of January 12, 2001, and
                  (ii) the Guaranty Agreement of Nexstar Finance Holdings, Inc.
                  dated as of January 12, 2001, as each of the same may be
                  amended, supplemented and/or otherwise modified from time to
                  time.

                           "Parent Subordinated Convertible Promissory Note"
                  means a promissory note of Nexstar Finance Holdings, payable
                  to the order of ABRY L.P. II, ABRY L.P. III and/or Sook (or
                  other Persons exercising preemptive rights in connection with
                  an issuance of Capital Stock to one or more of them),
                  substantially in the form of Exhibit H.

                           "Permitted Affiliate Transactions" means (i)
                  Restricted Payments permitted by Section 8.10; (ii) payments
                  described in clause (iii) of the definition of the term
                  "Restricted Payment"; (iii) payments to ABRY Partners, LLC in
                  respect of corporate overhead expenses of ABRY Partners, LLC
                  in an aggregate amount not to exceed $50,000 in any Fiscal
                  Year; (iv) payments of out-of-pocket expenses and transaction
                  fees payable pursuant to the Management Agreement and incurred
                  in connection with any purchase or acquisition of any Person
                  or Station, or the entering into of any Local Marketing
                  Agreement, Joint Sales Agreement and/or Shared Services
                  Agreement, pursuant to Section 8.04(b); (v) payments of
                  management fees made pursuant to the Management Agreement, so
                  long as all management fee payments made pursuant to the
                  Management Agreement shall be in an amount not to exceed
                  $75,000 per Station per Fiscal Year and $300,000 in the
                  aggregate per Fiscal Year, in each case as the amount of such
                  management fee amount may be increased annually based on the
                  United States Department of Labor's Consumer's Price Index,
                  and such payments of management fees may only be paid to the
                  extent that no Default or Event of Default has occurred or
                  would occur after giving effect thereto; (vi) Indebtedness
                  permitted under Section 8.05(m) and (o); (vii) the Management
                  Loan Guaranty; and (viii) the transactions contemplated by the
                  Nexstar Stockholders Agreement.

                           "Permitted Borrower Preferred Equity" means
                  non-voting, preferred stock issued by the Borrower which (i)
                  has no scheduled payments of cash Dividends due or payable
                  thereon and no scheduled redemption or repurchase obligations
                  with respect thereto until at least 180 days after the Stated
                  Maturity Date of the latest to mature of the Term Loans, (ii)
                  is not convertible, exchangeable or exercisable for any
                  Indebtedness or any other Capital Stock (other than Capital

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                  Stock of the Ultimate Parent), (iii) is not redeemable at the
                  option of the holder thereof until at least 180 days after the
                  Stated Maturity Date of the latest to mature of the Term
                  Loans, other than with respect to customary redemption rights
                  with respect to (x) a change of control of the Borrower which
                  constitutes a Change of Control with respect to this Agreement
                  or (y) an asset sale, subject in each case to the prior
                  payment in full of the Obligations and customary subordination
                  provisions for securities with substantially the same terms
                  and conditions as the Permitted Borrower Preferred Equity and
                  (iv) does not have any blockage rights, covenants or default
                  or cross-default provisions that could accelerate the payment
                  of dividends or liquidation preference rights.

                           "Permitted Parent Preferred Equity" means non-voting,
                  preferred stock issued by the Ultimate Parent which (i) have
                  no scheduled payments of cash dividends due or payable thereon
                  until January 12, 2005, and no scheduled redemption or
                  repurchase obligations with respect thereto until after the
                  date that is 180 days after the Stated Maturity Date of the
                  latest to mature of the Term Loans, (ii) is not convertible,
                  exchangeable or exercisable for any Indebtedness or any other
                  Capital Stock other than (a) Capital Stock of the Ultimate
                  Parent or (b) after January 12, 2005, unsecured Indebtedness
                  of the Ultimate Parent having substantially the same terms as
                  the Permitted Holdings Unsecured Indebtedness, (iii) is not
                  redeemable at the option of the holder thereof until after the
                  date that is 180 days after the Stated Maturity Date of the
                  latest to mature of the Term Loans, other than with respect to
                  customary redemption rights with respect to (x) a change of
                  control of the Ultimate Parent which constitutes a Change of
                  Control with respect to this Agreement or (y) an asset sale,
                  subject in each case to the prior payment in full of the
                  Obligations and customary subordination provisions for
                  securities with substantially the same terms and conditions as
                  the Permitted Parent Preferred Equity and (iv) does not have
                  any blockage rights, covenants or default or cross-default
                  provisions that could accelerate the payment of dividends or
                  liquidation preference rights.

                           "Permitted Permanent Holdings Preferred Equity" means
                  non-voting, preferred stock issued by Nexstar Finance Holdings
                  which (i) has no scheduled payments of cash dividends due or
                  payable thereon until after January 12, 2005, and no scheduled
                  redemption or repurchase obligations with respect thereto
                  until after the date that is 180 days after the Stated
                  Maturity Date of the latest to mature of the Term Loans, (ii)
                  is not convertible, exchangeable or exercisable for any
                  Indebtedness or any other Capital Stock other than (a) Capital
                  Stock of the Ultimate Parent or (b) after January 12, 2005,
                  unsecured Indebtedness of Nexstar Finance Holdings having
                  substantially the same terms as the Permitted Holdings
                  Unsecured Indebtedness, (iii) is not redeemable at the option
                  of the holder thereof until after the date that is 180 days
                  after the Stated Maturity Date of the latest to mature of the
                  Term Loans, other than with respect to customary redemption
                  rights with respect to (x) a change of control which
                  constitutes a Change of Control with respect to this Agreement
                  or (y) an asset sale, subject in each case to the prior
                  payment in full of the Obligations and customary subordination
                  provisions for securities with substantially the same terms
                  and conditions as the Permitted Permanent Holdings Preferred
                  Equity and (iv) does not have any blockage rights,

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                  covenants or default or cross-default provisions that could
                  accelerate the payment of dividends or liquidation preference
                  rights.

                           "Required Junior Capital" means (i) Capital Stock
                  (other than Disqualified Stock) sold or issued after the
                  Effective Date by the Ultimate Parent, Permitted Borrower
                  Preferred Equity, Permitted Holdings Unsecured Indebtedness,
                  Permitted Permanent Holdings Preferred Equity, and/or
                  Permitted Parent Preferred Equity in each case to the extent
                  that the Net Debt Proceeds or Net Issuance Proceeds, as
                  applicable, from the sale or issuance thereof have been
                  contributed, directly or indirectly, as cash equity to the
                  Borrower (to the extent required by this Agreement) and/or
                  loans to the Borrower as provided in Section 8.05(m) and (ii)
                  loans to the Borrower permitted under Section 8.05(m).

                  (vi) Section 2.07(e) is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "(e) At any time that the Consolidated Senior
                  Leverage Ratio is equal to or greater than 3.00 to 1.00 prior
                  to the sale or issuance of any Capital Stock of, or cash
                  capital contribution to, any Nexstar Entity, then on the
                  Business Day after the date of the receipt by any Nexstar
                  Entity of Net Issuance Proceeds from any such sale or issuance
                  of Capital Stock (including Indebtedness described in Section
                  8.05(m)) or cash capital contribution (other than (A) proceeds
                  from the sale or issuance of Capital Stock of, or cash
                  contributions to, the Ultimate Parent from ABRY L.P. II, ABRY
                  L.P. III or Sook (or other Persons exercising preemptive
                  rights in connection with an issuance of Capital Stock to one
                  or more of them), (B) Net Issuance Proceeds, not to exceed an
                  aggregate of $500,000, from Capital Stock (other than
                  Disqualified Stock) issuances by the Ultimate Parent to
                  employees of the Ultimate Parent or any Nexstar Entity, except
                  to Sook, and (C) cash capital contributions and/or
                  intercompany loans made by any Nexstar Entity to a Subsidiary
                  with any of the proceeds described in the foregoing clause (A)
                  or (B), upon such Nexstar Entity's receipt, directly or
                  indirectly through other Nexstar Entities, of such proceeds),
                  the Borrower shall prepay outstanding principal of the Term
                  Loans and the Revolving Loans, on a pro rata basis among such
                  Loans, in an amount equal to the lesser of (x) 50% of such Net
                  Issuance Proceeds and (y) the amount of Net Issuance Proceeds
                  required to repay outstanding principal of the Term Loans and
                  Revolving Loans so that the Consolidated Senior Leverage Ratio
                  determined on a Pro Forma Basis after giving effect to any
                  such equity issuance or sale or capital contribution and any
                  such prepayment, shall not be greater than 3.00 to 1.00."

                  (vii) Section 2.07(f) is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "(f) If on any date any Nexstar Entity shall incur or
                  issue any Indebtedness described in Section 8.05(k) or Section
                  8.05(l), then on each such date of incurrence or issuance an
                  amount equal to the amount of the Net Debt Proceeds received
                  with respect to such Indebtedness shall be applied to prepay

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                  outstanding principal of the Term Loans and the Revolving
                  Loans, on a pro rata basis among such Loans."

                  (viii) Section 2.07(g) is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "(g) If on any date the Borrower incurs or issues
                  Permitted Borrower Subordinated Indebtedness, then on each
                  such date of incurrence an amount equal to the amount of the
                  Net Debt Proceeds received with respect to such Permitted
                  Borrower Subordinated Indebtedness shall be applied to prepay
                  outstanding principal amount of the Revolving Loans. In
                  addition, notwithstanding anything to the contrary contained
                  in this Section 2.07, if any Default or Event of Default
                  exists on any date when Nexstar Finance Holdings and/or the
                  Borrower incurs any Indebtedness permitted under Section
                  8.05(m), then on each such date of incurrence an amount equal
                  to the amount of the Net Debt Proceeds therefrom (without
                  duplication) shall be applied to prepay outstanding principal
                  of the Revolving Loans."

                  (ix) Section 6.17 is deleted in its entirety and the following
         is inserted in lieu thereof:

                           "6.17 Subsidiaries; Capital Stock of Nexstar Finance
                  Holdings. No Nexstar Entity has any Subsidiaries except, on
                  the date hereof, those Subsidiaries which are identified in
                  Schedule 6.17 and, thereafter, those Subsidiaries identified
                  in any Guaranty Supplement and those Subsidiaries permitted to
                  be formed or acquired in compliance with the terms hereof. The
                  Ultimate Parent directly owns 100% of the Capital Stock of
                  Nexstar Finance Holdings other than, to the extent issued
                  after the date hereof, Permitted Permanent Holdings Preferred
                  Equity and indirectly owns 100% of the Capital Stock of all of
                  its other Subsidiaries other than, to the extent issued after
                  the date hereof, Permitted Borrower Preferred Equity."

                  (x) Schedule 6.17 is deleted in its entirety and the attached
         Schedule 6.17 is inserted in lieu thereof;

                  (xi) Section 7.07 is deleted in its entirety and the following
         is inserted in lieu thereof:

                           "7.07 Maintenance of Corporate, Limited Liability
                  Company or Partnership Existence, etc. The Parent Guarantors
                  and the Borrower shall, and shall cause each of their
                  respective Subsidiaries to, cause to be done at all times all
                  things necessary to maintain and preserve the corporate,
                  limited liability company or partnership existence, as the
                  case may be, of each Nexstar Entity except to the extent
                  otherwise permitted pursuant to Section 8.04. The Ultimate
                  Parent will continue to own and hold directly all of the
                  outstanding shares of Capital Stock of Nexstar Finance
                  Holdings other than Permitted Permanent Holdings Preferred
                  Equity, and each of the Nexstar Entities other than the
                  Ultimate Parent will continue to own and hold directly all of
                  the outstanding

<PAGE>

                  shares of Capital Stock of their respective Subsidiaries
                  (other than, to the extent issued after the date hereof,
                  Permitted Borrower Preferred Equity), in each case as set
                  forth on Schedule 6.17, except as otherwise permitted pursuant
                  to Section 8.04."

                  (xii) Section 7.16(c) is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "(c) If at any time any Parent Guarantor or the
                  Borrower acquires any additional Subsidiary, such Parent
                  Guarantor and/or the Borrower, as applicable, will promptly
                  notify the Administrative Agent thereof and cause such
                  Subsidiary, within the time period required by clause (f) of
                  Section 8.11, to execute and deliver appropriate Guaranty
                  Supplements, a Joinder to Security Agreement and a Joinder to
                  Pledge and Security Agreement."

                  (xiii) clauses (f) and (q) of Section 8.05 are deleted in
         their entirety and the following, in each case, is inserted in lieu
         thereof:

                           "[intentionally deleted]"

                  (xiv) clauses (k) through (m) of Section 8.05 are deleted in
         their entirety and the following is inserted in lieu thereof:

                           "(k) so long as no Default or Event of Default exists
                  both before and after the incurrence thereof, Nexstar Finance
                  Holdings may incur Permitted Holdings Unsecured Indebtedness
                  and/or sell or issue Permitted Permanent Holdings Preferred
                  Equity, and the Borrower may sell or issue Permitted Borrower
                  Preferred Equity, provided that concurrently upon receipt
                  thereof, the Net Debt Proceeds and/or Net Issuance Proceeds,
                  as applicable, therefrom are applied in accordance with
                  Section 2.07(f);

                           (l) so long as no Default or Event of Default exists
                  both before and after the sale or issuance thereof, the
                  Ultimate Parent may sell or issue Permitted Parent Preferred
                  Equity, provided that, concurrently upon receipt thereof, the
                  Net Issuance Proceeds therefrom are applied in accordance with
                  Section 2.07(f);

                           (m) Nexstar Finance Holdings may borrow up to an
                  aggregate principal amount not to exceed $30,000,000 in the
                  aggregate at any time outstanding from ABRY L.P. II, ABRY L.P.
                  III and/or Sook (or other Persons exercising preemptive rights
                  in connection with an issuance of Capital Stock to one or more
                  of them) pursuant to the terms and conditions of, and as
                  evidenced by, a Parent Subordinated Convertible Promissory
                  Note (an "Initial Loan"), provided that, concurrently upon
                  receipt thereof by Nexstar Finance Holdings, the Net Debt
                  Proceeds from any Initial Loan are used to make a loan in
                  equal amount to the Borrower pursuant to the terms and
                  conditions of, and as evidenced by, a Borrower Subordinated
                  Convertible Promissory Note, provided further that each such
                  loan made pursuant to a Parent Subordinated Convertible
                  Promissory Note or a Borrower Subordinated Convertible
                  Promissory Note shall remain outstanding only until the
                  earlier to occur of (x) the occurrence of a Default or an

<PAGE>

                  Event of Default or (y) the date which is eighteen months
                  after such loan is made, at which time (i) the principal
                  amount of (and all accrued and unpaid interest on) each such
                  Initial Loan to Nexstar Finance Holdings will convert into
                  Capital Stock (that is not Disqualified Stock) of the Ultimate
                  Parent in accordance with the terms and provisions of the
                  applicable Parent Subordinated Convertible Promissory Note and
                  the principal amount of (and all accrued and unpaid interest
                  on) each such loan by Nexstar Finance Holdings to the Borrower
                  will convert into common equity of the Borrower in accordance
                  with the terms and provisions of the applicable Borrower
                  Subordinated Convertible Promissory Note;"

                  (xv) clause (p) of Section 8.05 is deleted in its entirety and
         the following is inserted in lieu thereof:

                           "(p) Intercompany loans from the Ultimate Parent to
                  Nexstar Finance Holdings which are pledged as security for the
                  Loans and the proceeds of which are concurrently, upon receipt
                  thereof, contributed as common equity to the Borrower;"

                  (xvi) clauses (f), (g), (h) and (n) of Section 8.10 are
         deleted in their entirety and the following is inserted, in each case,
         in lieu thereof:

                           "[intentionally deleted]"

                  (xvii) clause (j) of Section 8.10 is deleted in its entirety
         and the following is inserted in lieu thereof:

                           "(j) so long as no Default or Event of Default exists
                  both before and after the making thereof, after January 12,
                  2005, (i) the Borrower may authorize, declare and pay
                  Dividends to Nexstar Finance Holdings in the amount necessary
                  to permit Nexstar Finance Holdings to make payments of cash
                  Dividends which become due and payable with respect to
                  Permitted Permanent Holdings Preferred Equity and (ii) Nexstar
                  Finance Holdings may pay such cash Dividends if, prior to the
                  making of such payments of cash Dividends by Nexstar Finance
                  Holdings, the Borrower shall have delivered to the
                  Administrative Agent a Pro Forma Compliance Certificate of the
                  Borrower prepared as of the date of the payment of each such
                  Dividend of the Borrower, giving effect to each such Dividend
                  of the Borrower and the related payments of cash Dividends to
                  be made by Nexstar Finance Holdings as though each such
                  Dividend of the Borrower and the related payments of cash
                  Dividends to be made by Nexstar Finance Holdings had been made
                  on the first day of the applicable Measurement Period relating
                  to the date each such Dividend by the Borrower is to be made,
                  and otherwise demonstrating that no Default or Event of
                  Default exists both before and after giving effect to each
                  such Dividend and related payments of cash Dividends;"

                  (xviii) clause (k) of Section 8.10 is deleted in its entirety
         and the following is inserted in lieu thereof:

<PAGE>

                           "(k) so long as no Default or Event of Default exists
                  both before and after the making thereof, after January 12,
                  2005, (i) the Borrower may authorize, declare and pay
                  Dividends to Nexstar Finance Holdings and Nexstar Finance
                  Holdings may in turn pay corresponding Dividends to the
                  Ultimate Parent, in each case in the amount necessary to
                  permit the Ultimate Parent to make payments of cash Dividends
                  which become due and payable with respect to Permitted Parent
                  Preferred Equity and (ii) the Ultimate Parent may pay such
                  cash Dividends if, prior to the making of such payments of
                  cash Dividends by the Ultimate Parent, the Borrower shall have
                  delivered to the Administrative Agent a Pro Forma Compliance
                  Certificate of the Borrower prepared as of the date of the
                  making of each such Dividend, giving effect to each such
                  Dividend of the Borrower and Nexstar Finance Holdings and the
                  related payments of cash Dividends on the Parent Preferred
                  Equity to be made by the Ultimate Parent as though each such
                  Dividend and the related payments of cash Dividends on the
                  Parent Preferred Equity had been made on the first day of the
                  applicable Measurement Period relating to the date each such
                  Dividend is to be made, and otherwise demonstrating that no
                  Default or Event of Default exists both before and after
                  giving effect to each such Dividend and related payments of
                  cash Dividends;"

                  (xix) clause (c) of Section 8.11 is deleted in its entirety
         and the following is inserted in lieu thereof:

                           "(c) the Credit Parties may make equity contributions
                  to the capital of their respective Subsidiaries that are
                  Credit Parties;"

                  (xx) clause (f) of Section 8.11 is deleted in its entirety and
         the following is inserted in lieu thereof:

                           "(f) any Nexstar Entity may establish or create new
                  Wholly-Owned Subsidiaries so long as (i) at least 30 days'
                  prior written notice thereof (or such lesser notice as is
                  acceptable to the Administrative Agent) is given to the
                  Administrative Agent, (ii) the Capital Stock of such new
                  Subsidiary is pledged pursuant to, and to the extent required
                  by, this Agreement and the Pledge and Security Agreement and
                  the certificates, if any, representing Capital Stock, together
                  with stock powers duly executed in blank, are delivered to the
                  Collateral Agent, (iii) such new Subsidiary executes Guaranty
                  Supplements, a Joinder to Security Agreement and a Joinder to
                  Pledge and Security Agreement, and (iv) such new Subsidiary,
                  to the extent requested by the Administrative Agent or the
                  Majority Banks, takes all actions required pursuant to Section
                  7.16. In addition, each new Wholly-Owned Subsidiary that is
                  required to execute any Loan Document shall execute and
                  deliver, or cause to be executed and delivered, all other
                  relevant documentation of the type described in Section 5.01
                  as such new Subsidiary would have had to deliver if such new
                  Subsidiary were a Credit Party on the Effective Date;"

                  (xxi) clause (h) of Section 8.11 is deleted in its entirety
         and the following is inserted in lieu thereof:

<PAGE>

                           "(h) the Borrower may make intercompany loans and
                  advances to any Subsidiary of the Borrower which is a Credit
                  Party and Nexstar Finance Holdings may make loans to the
                  Borrower as permitted under Section 8.05(m); and"

                  (xxii) Section 8.13 is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "8.13 Sales or Issuances of Capital Stock. The Parent
                  Guarantors and the Borrower will not, and will not permit any
                  of their respective Subsidiaries to, sell or issue any of
                  their Capital Stock to any Person; provided that (a) the
                  Ultimate Parent may sell or issue (i) Permitted Parent
                  Preferred Equity in accordance with Section 8.05(l) and (ii)
                  other Capital Stock other than Disqualified Stock, in each
                  case so long as the Net Issuance Proceeds therefrom are
                  applied as may be required by Section 2.07, (b) any Subsidiary
                  of the Borrower may sell or issue Capital Stock to the
                  Borrower or a Wholly-Owned Subsidiary of the Borrower so long
                  as relevant provisions of the Security Documents and Section
                  7.16 are complied with in full, and (c) Nexstar Finance
                  Holdings may sell or issue Permitted Permanent Holdings
                  Preferred Equity, and/or the Borrower may sell or issue
                  Permitted Borrower Preferred Equity, in each case as permitted
                  by Section 8.05(k), so long as the Net Issuance Proceeds
                  thereof are applied as may be required by Section 2.07."

         (c) Effective as of the consummation of the Initial Public Offering,
but subject in all cases to the satisfaction of the conditions set forth in the
proviso to Section 2(b) below and in Section 4 below, the Credit Agreement is
amended as follows:

                  (i) the following definitions of "Beneficial Owner",
         "Continuing Directors", "Nexstar-Bastet/Mission Loan", "Principal",
         "Sook Loan" and "Voting Stock" are inserted in Section 1.01 in the
         appropriate alphabetical positions therein:

                           "Beneficial Owner" has the meaning assigned to such
                  term in Rule 13d-3 and Rule 13d-5 under the Securities
                  Exchange Act of 1934, as amended.

                           "Continuing Directors" means, as of any date of
                  determination, any member of the Board of Directors of the
                  Ultimate Parent who (i) was a member of such board of
                  directors or similar governing persons of Nexstar Broadcasting
                  Group, L.L.C. on January 12, 2001; (ii) was nominated for
                  election or elected to such Board of Directors with the
                  approval of a majority of the Continuing Directors who were
                  members of such Board at the time of such nomination or
                  election; or (iii) was nominated by one or more Principals
                  owning at least 20% of the Voting Stock of the Ultimate Parent
                  at the time of such nomination.

                           "Nexstar-Bastet/Mission Loan" means a loan made by a
                  Nexstar Entity to one or more of the Bastet/Mission Borrowers
                  in compliance with Section 8.11(j).

                           "Principal" means ABRY Partners, LLC or any Person
                  that (i) directly or indirectly, is in control of, is
                  controlled by, or is under common control with, ABRY Partners,
                  LLC, and (ii) is organized primarily for the purpose of making
                  equity or debt investments in one or more companies or a
                  Person controlled by

<PAGE>

                  ABRY Partners, LLC. For purposes of this definition, "control"
                  of a Person means the power, directly or indirectly, to direct
                  or cause the direction of the management and policies of such
                  Person whether by contract or otherwise.

                           "Sook Loan" means a loan made by the Ultimate Parent
                  to Sook in compliance with Section 8.11(k).

                           "Voting Stock" of any Person as of any date means the
                  Capital Stock of such Person that is at the time entitled to
                  vote in the election of the Board of Directors of such Person.

                  (ii) the definitions of "Change of Control", and "Maximum
         Incremental Amount" in Section 1.01 are amended to read in full as
         follows:

                           "Change of Control" means any of the following: (i)
                  the consummation of any transaction (including, without
                  limitation, any merger or consolidation) the result of which
                  is that any Person, other than a Principal, becomes the
                  Beneficial Owner, directly or indirectly, of more than 35% of
                  the Voting Stock of the Ultimate Parent, measured by voting
                  power rather than number of shares; (ii) a majority of the
                  members of the Board of Directors of the Ultimate Parent shall
                  cease to be Continuing Directors; (iii) the Principals, taken
                  together, shall cease to directly or indirectly own and hold
                  at least (x) 35% on a fully diluted basis of the Voting Stock
                  of the Ultimate Parent and (y) 35% on a fully diluted basis of
                  the economic interests in the Ultimate Parent (excluding the
                  Permitted Parent Preferred Equity); (iv) the Ultimate Parent
                  shall cease to own, directly or indirectly, 100% on a fully
                  diluted basis of the Capital Stock of each Parent Guarantor
                  other than Permitted Permanent Holdings Preferred Equity; or
                  (v) Nexstar Finance Holdings shall cease to own 100% on a
                  fully diluted basis of the Capital Stock of the Borrower other
                  than Permitted Borrower Preferred Equity.

                           "Maximum Incremental Amount" means (i) at all times
                  on or prior to June 30, 2003, $100,000,000, (ii) at all times
                  after June 30, 2003, and on or prior to September 30, 2003,
                  $96,250,000, and (iii) at all times after September 30, 2003,
                  $92,500,000.

                  (iii) the definition of "Permitted Affiliate Transactions" in
         Section 1.01 is amended by deleting the word "and" at the end of clause
         (vii) thereof, deleting the period (".") at the end of clause (viii)
         thereof and replacing it with a semicolon (";") and the word "and", and
         inserting the following clause (ix) after clause (viii) thereof:

                           "(ix) the Sook Loan."

                  (iv) Section 2.01(c) is amended by deleting the date "December
         31, 2002" from the second line of clause (i) thereof and inserting,
         "December 31, 2003" in lieu thereof;

                  (v) Section 2.05(d) is deleted in its entirety and the
         following is inserted in lieu thereof:

<PAGE>

                           "(d) The Aggregate Combined Revolving Commitment
                  shall be automatically and permanently reduced on the last day
                  of each Fiscal Quarter (or, in the case of the final reduction
                  in Loan Year 6, on the Stated Revolving Credit Maturity Date),
                  commencing on June 30, 2003 and ending on the Stated Revolving
                  Credit Maturity Date, based on the annual percentage
                  reductions for each Loan Year set forth below of (i) the
                  Aggregate Revolving Commitment as in effect on June 30, 2003,
                  plus, (ii) the original amount of each Incremental Revolving
                  Commitment created from time to time, if any, pursuant to this
                  Agreement prior to the time of the reduction in question.
                  Notwithstanding anything to the contrary contained in this
                  Agreement, on the Maturity Date the Aggregate Combined
                  Revolving Commitment shall automatically reduce to zero.

                    Loan Year                   Annual Percentage Reduction
                    ---------                   ---------------------------

                       1                                    00.0%

                       2                                    00.0%

                       3                                    15.0%

                       4                                    20.0%

                       5                                    30.0%

                       6                                    35.0%

                   The amount of each quarterly reduction of (i) the Aggregate
                   Revolving Commitment as in effect on June 30, 2003, and (ii)
                   the original amount of each Incremental Revolving Commitment
                   created from time to time, if any, pursuant to this Agreement
                   prior to the time of the reduction in question, during any
                   Loan Year, shall be an amount equal to the applicable annual
                   percentage reduction set forth above with respect to such
                   Loan Year, divided by the number of quarterly reductions to
                   be made during such Loan Year (with the last reduction in
                   Loan Year 6, to be made on the Stated Revolving Credit
                   Maturity Date, to be deemed a quarterly reduction for
                   purposes of this Section 2.05(d)); provided that the amount
                   of each quarterly reduction during Loan Year 3 with respect
                   to each Incremental Revolving Commitment created from time to
                   time on or after June 30, 2003, if any, shall be an amount
                   equal to the applicable annual percentage reduction set forth
                   above with respect to such Loan Year, divided by 4. Each
                   reduction of the Aggregate Revolving Commitment pursuant to
                   this Section 2.05(d) shall be applied pro rata to each Bank's
                   Revolving Commitment and each reduction of each Incremental
                   Revolving Commitment pursuant to this Section 2.05(d) shall
                   be applied pro rata to each Bank providing such Incremental
                   Revolving Commitment. All accrued commitment and letter of
                   credit fees to the effective date of any such reduction of
                   the Aggregate Combined Revolving Commitment shall be paid on
                   the effective date of such reduction. "

                  (vi) Section 2.07(h) is deleted in its entirety and the
         following is inserted in lieu thereof:

<PAGE>

                           "(h) [intentionally deleted]"

                  (vii) Section 2.08(a)(i) is deleted in its entirety and the
         following is inserted in lieu thereof:

                           "(i) The Term A Loans shall mature, and the
                  outstanding principal amount thereof shall be due and payable
                  in full (together with all accrued and unpaid interest
                  thereon), on the Maturity Date. In addition, on the last day
                  of each Fiscal Quarter (or, in the case of the final principal
                  installment to be repaid in Loan Year 6, on the Stated Term A
                  Maturity Date), commencing on June 30, 2003, the Borrower
                  shall repay, and there shall become due and payable, (i) a
                  principal installment on the Term A Loans in an amount based
                  on the annual percentage reductions for each Loan Year set
                  forth below of the Aggregate Outstanding Term A Loan Balance
                  on June 30, 2003, plus, (ii) a principal installment on each
                  Incremental Term Loan made from time to time, if any, pursuant
                  to this Agreement prior to the time of the principal payment
                  in question in an amount based on the annual percentage
                  reductions for each Loan Year set forth below of the original
                  principal amount of such Incremental Term Loan:

                    Loan Year                       Annual Percentage Reduction
                    ---------                       ---------------------------

                       1                                        00.0%

                       2                                        00.0%

                       3                                        15.0%

                       4                                        20.0%

                       5                                        30.0%

                       6                                        35.0%

                  The aggregate principal amount of each installment paid during
                  any Loan Year on (i) Term A Loans, and (ii) each Incremental
                  Term Loan made pursuant to an Incremental Facility created
                  from time to time, if any, pursuant to this Agreement, shall
                  in each case be an amount equal to the applicable annual
                  percentage reduction set forth above with respect to such Loan
                  Year, divided by the number of quarterly installments to be
                  made during such Loan Year (with the last installment in Loan
                  Year 6, to be made on the Stated Term A Maturity Date, deemed
                  a quarterly installment for purposes of this Section
                  2.08(a)(i)); provided that the aggregate principal amount of
                  each installment paid during Loan Year 3 with respect to each
                  Incremental Term Loan created from time to time on or after
                  June 30, 2003, if any, shall be an amount equal to the
                  applicable annual percentage reduction set forth above with
                  respect to such Loan Year, divided by 4."

                  (viii) Section 8.04 is amended by deleting the amount
         "$20,000,000" from condition (A) of the proviso to clause (b) thereof
         and inserting, the amount "$40,000,000" in lieu thereof; and

<PAGE>

                  (ix) Section 8.11 is amended by deleting the word "and" at the
         end of clause (h) thereof, deleting the period (".") at the end of
         clause (i) thereof and replacing it with a semicolon (";"), and
         inserting the following clauses (j) and (k) after clause (i) thereof:

                           "(j) the Nexstar Entities may make
                  Nexstar-Bastet/Mission Loans, provided that (i) the aggregate
                  principal amount thereof outstanding at any time may not
                  exceed $30,000,000; (ii) each such loan is evidenced by a
                  demand promissory note in form and substance reasonably
                  satisfactory to the Administrative Agent and which promissory
                  note is delivered to the Collateral Agent by such Nexstar
                  Entity, together with any necessary endorsements, to be held
                  as Pledged Collateral; (iii) no such loan will, alone or in
                  the aggregate with any other such loans, violate any
                  Requirement of Law applicable to the Nexstar Entities or the
                  Bastet/Mission Entities (including, without limitation, all
                  terms and conditions of all FCC Licenses covering the Stations
                  and all rules, regulations and administrative orders of the
                  FCC) and, prior to the making of each such loan, the Borrower
                  shall have delivered to the Administrative Agent a certificate
                  to such effect executed on the Borrower's behalf by a
                  Responsible Officer of the Borrower, and (iv) no Default or
                  Event of Default exists both before and after making such
                  loan; and

                           (k) the Ultimate Parent may make the Sook Loan;
                  provided that (i) the aggregate principal amount of the Sook
                  Loan does not exceed $3,000,000, (ii) the Sook Loan is
                  evidenced by a promissory note (which promissory note will
                  provide that such loan and all accrued interest thereon will
                  be forgiven upon the earlier of the fifth anniversary of the
                  date thereof and the termination of Sook's employment with the
                  Nexstar Entities, unless such employment is terminated under
                  specified circumstances) in form and substance satisfactory to
                  the Administrative Agent that is delivered to the Collateral
                  Agent by the Ultimate Parent, together with any necessary
                  endorsements, to hold as Pledged Collateral, (iii) the Sook
                  Loan is made immediately upon the receipt of the Net Issuance
                  Proceeds of the Initial Public Offering and solely using such
                  Net Issuance Proceeds, (iv) no Default or Event of Default
                  exists both before and after making the Sook Loan, (v) 100% of
                  the proceeds of the Sook Loan are used, immediately upon the
                  receipt thereof by Sook, to repay in full the outstanding
                  Management Loan, and (vi) the Management Loan Guaranty is
                  terminated contemporaneously with such repayment of the
                  Management Loan and evidence satisfactory to the
                  Administrative Agent of such termination is furnished to the
                  Administrative Agent promptly after such termination."

                  Section 2. LIMITED CONSENTS. Subject to the covenants, terms
and conditions set forth in this Amendment, and in reliance upon the
representations and warranties of the Borrower and the Parent Guarantors herein
contained, the several Banks parties to this Amendment hereby:

         (a) (i) consent to the consummation of the Mergers and waive compliance
with the provisions of Section 8.04 and Section 8.06 of the Credit Agreement
which prohibit the Mergers solely to

<PAGE>

the extent necessary to permit the consummation of the Mergers and (ii) consent
to the modification of the Charter Documents of the entities being merged in the
Mergers and waive compliance with the provisions of clause (ii) of Section 8.14
of the Credit Agreement solely to the extent necessary to permit such
modifications; provided, that (A) pricing for the Initial Public Offering has
resulted in a price per share that will result in Net Issuance Proceeds to Group
of at least $100,000,000 upon consummation of the Initial Public Offering, (B)
the Mergers are accomplished pursuant to documentation in form and substance
satisfactory to the Administrative Agent and its counsel, (C) contemporaneously
with the Mergers, Group, Nexstar Finance Holdings and Nexstar Finance execute
and deliver to the Administrative Agent Ratification and Assumption Agreements
substantially in the forms of the attached Exhibits A-1, A-2, and A-3,
respectively, and cause to be delivered to the Administrative Agent an opinion
of counsel in form and substance satisfactory to the Administrative Agent
(including, without limitation, customary opinions with respect to the Mergers
and an enforceability opinion with respect to each Ratification and Assumption
Agreement) and such other documents as may be reasonably requested by the
Administrative Agent to assure itself of the continuing effectiveness of the
Loan Documents being ratified and assumed by Group, Nexstar Finance Holdings and
Nexstar Finance, respectively, (D) no Default or Event of Default exists both
before and after giving effect to the Mergers, (E) the Parent Merger, the Holdco
Merger and the Borrower Merger are consummated and effective on the same day,
and (F) the Initial Public Offering is consummated on or within 1 Business Day
after the effective date of the Mergers;

         (b) consent to the Cash Redemption Funding, the Preferred Redemption
and the Holdings II Notes Repayment and waive compliance with the provisions of
Section 8.03, Section 8.05, Section 8.06, Section 8.10 and Section 8.11 of the
Credit Agreement which prohibit the Cash Redemption Funding, the Preferred
Redemption and the Holdings II Notes Repayment solely to the extent necessary to
permit the Cash Redemption Funding, the Preferred Redemption and the Holdings II
Notes Repayment; provided, that (i) the Initial Public Offering is (x) an
underwritten public offering by Group pursuant to an effective registration
statement filed with the Securities and Exchange Commission and otherwise
complies with the requirements of the Securities Act of 1933, as amended, and
all other applicable Requirements of Law, (y) is sufficient to result in Net
Issuance Proceeds to Group of at least $100,000,000, and (z) is consummated on
or before December 31, 2002, (ii) the Initial Public Offering otherwise complies
with all of the other requirements of Section 8.13(a) of the Credit Agreement
(including, without limitation, the requirements that the Net Issuance Proceeds
of the Initial Public Offering be applied in accordance with Section 2.07(e) to
the extent applicable), (iii) all of the Existing Parent Preferred Equity is
redeemed as described in Recital B(i) of this Amendment and the Holdings II
Notes Repayment is effected contemporaneously with the Initial Public Offering
using solely Net Issuance Proceeds of the Initial Public Offering, (iv) the
Initial Public Offering, the Cash Redemption Funding, the Preferred Redemption
and the Holdings II Notes Repayment all occur pursuant to documentation in form
and substance satisfactory to the Administrative Agent, (v) no Default or Event
of Default exists both before and after giving effect to the Cash Redemption
Funding, the Preferred Redemption and the Holdings II Notes Repayment, (vi) the
Initial Public Offering is consummated immediately after the Mergers are
consummated, and (vii) immediately prior to the Initial Public Offering, the
Administrative Agent shall have received (x) a consolidated balance sheet from
each of Group and its Subsidiaries and Nexstar Finance and its Subsidiaries,
prepared on a Pro Forma Basis, giving effect to the Initial Public Offering and
the other transactions consummated in connection with the Initial Public
Offering, as though the Initial Public Offering and such transactions occurred
as of the first day of the four fiscal quarters most recently ended, and (y) a
Pro Forma Compliance Certificate duly executed on behalf of Group and Nexstar
Finance by a Responsible Officer of Group and Nexstar Finance; and

<PAGE>

         (c) consent to the execution, delivery and performance by the parties
thereto of the Fourth Amendment and Limited Consent dated as of even date
herewith relative to the Bastet/Mission Credit Agreement (the "Bastet/Mission
Amendment"), and all transactions described therein.

The consents set forth in this Section 2 are limited to the extent specifically
set forth above and no terms, covenants or provisions of the Credit Agreement or
any other Loan Document are intended to be affected hereby except to the extent
specifically waived in connection with the limited consents granted above.

         Section 3. LIMITED WAIVERS. Subject to the covenants, terms and
conditions set forth in this Amendment, and in reliance upon the representations
and warranties of the Borrower and the Parent Guarantors herein contained, the
several Banks parties to this Amendment hereby waive the Events of Default
pursuant to clause (ii) of Section 8.14 of the Credit Agreement and Section 3.7
of the Security Agreements caused by the name changes described in Recital C
hereof.

The waivers set forth in this Section 3 are limited to the extent specifically
set forth above and no terms, covenants or provisions of the Credit Agreement or
any other Loan Document are intended to be affected hereby except to the extent
specifically waived above.

         Section 4. CONDITIONS PRECEDENT. The parties hereto agree that this
Amendment and the consents, waivers and amendments to the Credit Agreement
contained herein shall not be effective until the satisfaction of each of the
following conditions precedent:

         (a) Execution and Delivery of this Amendment. The Administrative Agent
shall have received a copy of this Amendment executed and delivered by each of
the applicable Credit Parties and by Banks constituting Majority Banks and each
of the conditions set forth in Sections 4(b) through 4(d) below shall have been
satisfied; provided that the amendment set forth in Section 1(a)(i) above shall
not become effective until the Administrative Agent shall have received a copy
of this Amendment executed and delivered by each of the applicable Credit
Parties and by Banks constituting Majority Banks but including all Term B Banks
and each of the conditions set forth in Sections 4(b) through 4(d) below shall
have been satisfied.

         (b) Representations and Warranties. Each of the representations and
warranties made in this Amendment shall be true and correct on and as of the
Amendment Effective Date as if made on and as of such date, both before and
after giving effect to this Amendment.

         (c) Fees and Expenses. The Administrative Agent shall have received for
its own account and for the account of each Bank party to this Amendment, an
amendment fee for each Bank party to this Amendment (collectively, the
"Amendment Fees") in an amount equal to the product of (i) 0.050%, multiplied
by, (ii) the sum of the amount of such Bank's Revolving Commitment, plus the
amount of such Bank's Term A Loans, plus the amount of such Bank's Additional
Term A Loan Commitment, plus the amount of such Bank's outstanding Term B Loans,
in each case as computed on the Amendment Effective Date. The Amendment Fees
shall be nonrefundable and shall be deemed to have been earned in full when this
Amendment has been executed and delivered to the Administrative Agent by the
Borrower and Banks constituting the Majority Banks, but including all Term B
Banks, whether or not the Amendment

<PAGE>

Effective Date occurs. In addition, the Borrower shall pay the estimated fees,
costs and out-of-pocket expenses incurred by counsel to the Administrative Agent
in connection with the preparation, negotiation, execution and delivery of this
Amendment, the Bastet/Mission Amendment, and all transaction contemplated hereby
and thereby.

         (d) Effectiveness of Bastet/Mission Amendment. All conditions precedent
to the effectiveness of the Bastet/Mission Amendment shall have been satisfied
in a manner reasonably satisfactory to the Administrative Agent of such credit
facility.

         Section 5. REPRESENTATIONS AND WARRANTIES. To induce the Administrative
Agent and the several Banks parties hereto to enter into this Amendment and to
grant the consents, waivers and amendments contained herein and in the
Bastet/Mission Amendment, each of the Borrower and the Parent Guarantors
represents and warrants to the Administrative Agent and the Banks as follows:

         (a) Authorization; No Contravention. The execution, delivery and
performance by the applicable Credit Parties of this Amendment have been duly
authorized by all necessary partnership, corporate or limited liability company
action, as applicable, and do not and will not (i) contravene the terms of any
Charter Documents of any Credit Party, (ii) conflict with or result in any
breach or contravention of, or the creation of any Lien under, any document
evidencing any Contractual Obligation to which any Credit Party is a party or
any order, injunction, writ or decree of any Governmental Authority to which any
Credit Party is a party or its property is subject, or (iii) violate any
Requirement of Law.

         (b) Governmental Authorization. No approval, consent, exemption,
authorization or other action by, or notice to, or filing with or approvals
required under state blue sky securities laws or by any Governmental Authority
is necessary or required in connection with the execution, delivery, performance
or enforcement of this Amendment.

         (c) No Default. Other than the Existing Defaults, no Default or Event
of Default exists under any of the Loan Documents. No Credit Party is in default
under or with respect to (i) its Charter Documents or (ii) any material
Contractual Obligation of such Person. The execution, delivery and performance
of this Amendment shall not result in any default under any Contractual
Obligation of any Credit Party in any respect.

         (d) Binding Effect. This Amendment and the Credit Agreement as amended
hereby constitute the legal, valid and binding obligations of the Credit Parties
that are parties thereto, enforceable against such Credit Parties in accordance
with their respective terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, or similar laws affecting the enforcement of
creditors' rights generally or by equitable principles of general applicability.

         (e) Representations and Warranties. The representations and warranties
set forth in the Credit Agreement and the other Loan Documents are true and
correct in all material respects on and as of the Amendment Effective Date, both
before and after giving effect to the amendments contemplated in this Amendment,
as if such representations and warranties were being made on and as of the
Amendment Effective Date.

<PAGE>

         (f) Preferred Equity. Upon consummation of the Initial Public Offering
and the redemption of the Existing Parent Preferred Equity, neither the Ultimate
Parent nor any of its Subsidiaries will have outstanding any Disqualified Stock,
any Indebtedness that is convertible into Disqualified Stock, or any preferred
Capital Stock of any class or series.

         Section 6. MISCELLANEOUS.

         (a) Ratification of Loan Documents. Except for the specific consents,
waivers and amendments expressly set forth in this Amendment, the terms,
provisions, conditions and covenants of the Credit Agreement and the other Loan
Documents remain in full force and effect and are hereby ratified and confirmed,
and the execution, delivery and performance of this Amendment shall not in any
manner operate as a waiver of, consent to or amendment of any other term,
provision, condition or covenant of the Credit Agreement or any other Loan
Document. Without limiting the generality of the foregoing, the consents set
forth in Section 2 of this Amendment and the waivers set forth in Section 3 of
this Amendment shall be limited precisely as set forth above, and nothing in
this Amendment shall be deemed (i) to constitute a waiver of compliance or
consent to noncompliance by any of the Credit Parties with respect to any other
term provision, condition or covenant of the Credit Agreement or other Loan
Documents; (ii) to prejudice any right or remedy that the Administrative Agent
or the Banks may now have or may have in the future under or in connection with
the Credit Agreement or any other Loan Document; or (iii) to constitute a waiver
of compliance or consent to noncompliance by any of the Credit Parties with
respect to the terms, provisions, conditions and covenants of the Credit
Agreement made the subject hereof, other than as specifically set forth herein
and for the time periods specifically set forth herein.

         (b) Fees and Expenses. The Borrower and the Parent Guarantors jointly
and severally agree to pay on demand all reasonable costs and expenses of the
Administrative Agent in connection with the preparation, reproduction,
execution, and delivery of this Amendment, the Bastet/Mission Amendment and any
other documents prepared in connection herewith or therewith, including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel for the
Administrative Agent.

         (c) Headings. Section and subsection headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

         (d) APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

         (e) Counterparts and Amendment Effective Date. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are physically attached to the same document. Subject to the proviso set forth
in Section 4(a) above, this Amendment shall become effective when the
Administrative Agent has

<PAGE>

received counterparts of this Amendment executed by the Borrower, the Parent
Guarantors, each of the other Guarantors and the Banks constituting Majority
Banks and each of the conditions precedent set forth in Sections 4(b) through
4(d) above has been satisfied (the "Amendment Effective Date"), whether or not
this Amendment has been executed and delivered by each and every Bank named on a
signature pages attached hereto.

         (f) Affirmation of Guarantees. Notwithstanding that such consent is not
required thereunder, each of the Parent Guarantors and the other Guarantors
hereby consent to the execution and delivery of this Amendment and the
Bastet/Mission Amendment and the consummation of the transactions contemplated
hereby and thereby (including, without limitation, the Mergers) and reaffirm
their respective obligations under each of their respective Guaranty Agreements,
which Guaranty Agreements shall continue in full force and effect
notwithstanding the consummation of such Transactions.

         (g) Confirmation of Loan Documents and Liens. As a material inducement
to the Banks to agree to grant the consents and waivers set forth herein, to
amend the Credit Agreement as set forth herein and to enter into the
Bastet/Mission Amendment, the Borrower, the Guarantors and David S. Smith hereby
(i) acknowledge and confirm the continuing existence, validity and effectiveness
of the Loan Documents to which they are parties, including, without limitation
the Security Documents and the Liens granted under the Security Documents, (ii)
agrees that the execution, delivery and performance of this Amendment and the
Bastet/Mission Amendment, and the consummation of the transactions contemplated
hereby and thereby (including, without limitation, the Mergers) shall not in any
way release, diminish, impair, reduce or otherwise adversely affect such Loan
Documents and Liens and (iii) acknowledges and agrees that the Liens granted
under the Security Documents secure, and after the consummation of the
transactions contemplated hereby and by the Bastet/Mission Amendment (including,
without limitation, the Merger) will continue to secure, the payment of the
Obligations under the Loan Documents in the same priority as on the date such
Liens were created and perfected, and the performance and observance by the
Borrower and the other Credit Parties of the covenants, agreements and
conditions to be performed and observed by each under the Credit Agreement, as
amended hereby, and the Bastet Mission Credit Agreement, as amended by the
Bastet/Mission Amendment.

         (h) FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE CREDIT AGREEMENT
AND OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES.

         [Remainder of Page Intentionally Left Blank; Signature Pages Follow]

<PAGE>

                                                                    Exhibit 10.5
                                                                    ------------

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their proper and duly authorized officers
effective as of the Amendment Effective Date.

                         BORROWER:

                         NEXSTAR FINANCE, L.L.C.

                         By:/s/ Shirley Green
                            ---------------------------------------------------
                         Name: Shirley Green
                         Title: Vice President - Finance

                         PARENT GUARANTORS:

                         NEXSTAR BROADCASTING GROUP, L.L.C.
                         NEXSTAR BROADCASTING OF NORTHEASTERN PENNSYLVANIA, INC.
                         NEXSTAR BROADCASTING OF JOPLIN, INC.
                         NEXSTAR BROADCASTING OF ERIE, INC.
                         KBTV BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF
                           BEAUMONT/PORT ARTHUR, INC.)
                         KFDX BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF
                           WICHITA FALLS, INC.)
                         NEXSTAR BROADCASTING OF ROCHESTER, INC.
                         KTAB BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF
                           ABILENE, INC.)
                         ERC HOLDINGS, INC.
                         NEXSTAR MIDWEST HOLDINGS, INC.
                         NEXSTAR BROADCASTING OF CHAMPAIGN, INC.
                         NEXSTAR BROADCASTING OF PEORIA, INC.
                         KMID BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF
                           MIDLAND-ODESSA, INC.)
                         KTAL BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF
                           LOUISIANA, INC.)
                         NEXSTAR FINANCE HOLDINGS II, L.L.C.
                         NEXSTAR FINANCE HOLDINGS, L.L.C.
                         NEXSTAR FINANCE HOLDINGS, INC.

                         By:/s/ Shirley Green
                            ---------------------------------------------------
                         Name: Shirley Green
                         Title: Vice President - Finance

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

OTHER GUARANTORS (for purposes of Sections 6(f) and 6(g) hereof):

NEXSTAR BROADCASTING OF ABILENE, L.L.C.
NEXSTAR BROADCASTING OF BEAUMONT/ PORT ARTHUR, L.L.C.
NEXSTAR BROADCASTING OF CHAMPAIGN, L.L.C.
ENTERTAINMENT REALTY CORPORATION
NEXSTAR BROADCASTING OF ERIE, L.L.C.
NEXSTAR BROADCASTING OF JOPLIN, L.L.C.
NEXSTAR BROADCASTING OF LOUISIANA, L.L.C.
NEXSTAR BROADCASTING OF MIDLAND-ODESSA, L.L.C.
NEXSTAR BROADCASTING OF THE MIDWEST, INC.
NEXSTAR BROADCASTING OF NORTHEASTERN PENNSYLVANIA, L.L.C.
NEXSTAR FINANCE, INC.
NEXSTAR BROADCASTING OF PEORIA, L.L.C.
NEXSTAR BROADCASTING OF ROCHESTER, L.L.C.
NEXSTAR BROADCASTING OF WICHITA FALLS, L.L.C.
NEXSTAR MANAGEMENT, INC. (F/K/A NEXSTAR BROADCASTING, INC.)

By:/s/ Shirley Green
   -----------------------------------------------------
Title: Secretary of each of the
       above-named entities

BASTET BROADCASTING, INC.

By:/s/ Nancie J. Smith
   ----------------------------------------------------
Name: Nancie J. Smith
Title: Vice President

MISSION BROADCASTING OF WICHITA FALLS, INC.

By:/s/ Nancie J. Smith
   ----------------------------------------------------
Name: Nancie J. Smith
Title: Vice President

MISSION BROADCASTING OF JOPLIN, INC.

By:/s/ Nancie J. Smith
   ----------------------------------------------------
Name: Nancie J. Smith
Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

DAVID S. SMITH (for purposes of Section 6(g) hereof):

/s/ David S. Smith
---------------------------------------------------

DAVID S. SMITH

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              WACHOVIA BANK, NATIONAL ASSOCIATION (SUCCESSOR BY
                              MERGER TO FIRST UNION NATIONAL BANK)

                              By:/s/ Lawrence P. Sullivan
                                 -----------------------------------------------
                              Name: Lawrence P. Sullivan
                              Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              CIBC INC.

                              By:/s/ Tefta Ghilaga
                                 -----------------------------------------------
                              Name: Tefta Ghilaga
                              Title: Executive Director
                              CIBC World Markets Corp. As Agent

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ADMINISTRATIVE AGENT AND BANKS:

                              BANK OF AMERICA, N.A.,
                              as Administrative Agent

                              By:/s/ Steven P. Renwick
                                 -----------------------------------------------
                              Name: Steven P. Renwick
                              Title: Principal

                              BANK OF AMERICA, N.A.

                              By:/s/ Steven P. Renwick
                                 -----------------------------------------------
                              Name: Steven P. Renwick
                              Title: Principal

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              U.S. BANK NATIONAL ASSOCIATION (SUCCESSOR BY
                              MERGER TO FIRSTAR BANK, N.A.)

                              By:/s/ Michael J. Homeyer
                                 -----------------------------------------------
                              Name: Michael J. Homeyer
                              Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ELC (Cayman) Ltd. 1999-II
                              ELC (Cayman) Ltd. 1999-III
                              ELC (Cayman) Ltd. 2000-I
                              APEX (IDM) CDO I, Ltd.
                              TRYON CLO Ltd. 2000-I

                              By:/s/ Adrienne Musgnug
                                 -----------------------------------------------
                              Name: Adrienne Musgnug
                              Title: Director

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ARCHIMEDES FUNDING IV (CAYMEN), LTD.

                              BY:      ING Capital Advisors LLC,
                                       As Collateral Manager

                              By:/s/ Jane Nelson
                                 ---------------------------------------------
                              Name: Jane Nelson
                              Title: Managing Director

                              COPERNICUS CDO EURO-I B.V.

                              BY: ING Capital Advisors LLC,
                                  As Collateral Manager

                              By:/s/ Jane Nelson
                                 ---------------------------------------------
                              Name: Jane Nelson
                              Title: Managing Director

                              BALANCED HIGH-YIELD FUND II, LTD.

                              BY: ING Capital Advisors LLC,
                                  As Asset Manager

                              By:/s/ Jane Nelson
                                 ---------------------------------------------
                              Name: Jane Nelson
                              Title: Managing Director

                              SEQUILS-ING I (HBDGM), LTD.

                              BY: ING Capital Advisors LLC,
                                  As Collateral Manager

                              By:/s/ Jane Nelson
                                 ---------------------------------------------
                              Name: Jane Nelson
                              Title: Managing Director

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ARES V CLO Ltd.

                              By: ARES CLO Management V, LP,
                                  Investment Manager

                              By: ARES CLO GP V, LLC,
                                  Its Managing Member

                              By:/s/ Seth J. Brufsky
                                 -----------------------------------------------
                              Name: Seth J. Brufsky
                              Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ARES LEVERAGED INVESTMENT FUND II, L.P.

                              By:   ARES Management II, L.P.
                              Its:  General Partner

                              By:/s/ Seth J. Brufsky
                                 -----------------------------------------------
                              Name: Seth J. Brufsky
                              Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              BLACK DIAMOND CLO 2000-1 LTD.

                              By:/s/ Alan Corkish
                                 ----------------------------------------------
                              Name: Alan Corkish
                              Title: Director

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              CARLYLE HIGH YIELD PARTNERS III, LTD.

                              By:/s/ Linda Pace
                                 -----------------------------------------------
                              Name: Linda Pace
                              Title: Principal

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              SENIOR DEBT PORTFOLIO
                              By: Boston Management and Research
                              as Investment Advisor

                              By:/s/ Payson F. Swaffield
                                 --------------------------------------------
                              Name: Payson F. Swaffield
                              Title: Vice President

                              EATON VANCE SENIOR INCOME TRUST
                              By: Eaton Vance Management
                              as Investment Advisor

                              By:/s/ Payson F. Swaffield
                                 --------------------------------------------
                              Name: Payson F. Swaffield
                              Title: Vice President

                              GRAYSON & CO

                              By: Boston Management and Research
                              as Investment Advisor

                              By:/s/ Payson F. Swaffield
                                 --------------------------------------------
                              Name: Payson F. Swaffield
                              Title: Vice President

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              FIRST DOMINION FUNDING II

                              By:/s/ Andrew H. Marshak
                                 ----------------------------------
                              Name: Andrew H. Marshak
                              Title: Authorized Signatory

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              FIRST DOMINION FUNDING III

                              By:/s/ Andrew H. Marshak
                                 ----------------------------------
                              Name: Andrew H. Marshak
                              Title: Authorized Signatory

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              GENERAL ELECTRIC CAPITAL CORPORATION

                              By:/s/ Karl Kieffer
                                 ------------------------------------------
                              Name: Karl Kieffer
                              Title: Duly Authorized Signatory

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              HELLER FINANCIAL, INC.

                              By:/s/ Karl Kieffer
                                 ---------------------------------
                              Name: Karl Kieffer
                              Title: Duly Authorized Signatory

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              KZH ING-2 LLC

                              By:/s/ Joyce Fraser-Bryant
                                 ---------------------------------
                              Name: Joyce Fraser-Bryant
                              Title: Authorized Agent

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              ALADDIN ASSET MANAGEMENT LLC-LANDMARK CDO LIMITED

                              By:/s/ Gilles Marchand
                                 -----------------------------------------------
                              Name: Gilles Marchand
                              Title: Authorized Signatory

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

                              By: New York Life Investment  Management LLC,
                                  its Investment Manager

                              By:/s/ Anthony Malloy
                                 -------------------------------------------
                              Name: Anthony Malloy
                              Title: Director

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              NEW YORK LIFE INSURANCE COMPANY

                              By:/s/ Anthony Malloy
                                 ------------------------------------
                              Name: Anthony Malloy
                              Title: Director

    [Signature page to Second Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                              SIERRA CLO-I

                              By:/s/ John M. Casparian
                                 ----------------------------------
                              Name: John M. Casparian
                              Title: Chief Operating Officer
                              Centre Pacific, Manager<PAGE>

                                                                   Exhibit 10.10
                                                                   -------------

    FOURTH AMENDMENT TO CREDIT AGREEMENT, LIMITED CONSENT AND LIMITED WAIVER

         THIS FOURTH AMENDMENT TO CREDIT AGREEMENT, LIMITED CONSENT AND LIMITED
WAIVER (this "Amendment"), dated as of June 5, 2002, is among BASTET
BROADCASTING, INC., a Delaware corporation ("Bastet"), MISSION BROADCASTING OF
WICHITA FALLS, INC., a Delaware corporation ("Mission Wichita Falls"), MISSION
BROADCASTING OF JOPLIN, INC., a Delaware corporation (together with Bastet and
Mission Wichita Falls, collectively, the "Borrowers"), the several Banks (as
such term is defined in the hereinafter described Credit Agreement) parties to
this Amendment, and BANK OF AMERICA, N.A., as Administrative Agent for the Banks
(in such capacity, the "Administrative Agent").

                                R E C I T A L S:

         A. The Borrowers, the Administrative Agent, Barclays Bank PLC, as
Syndication Agent, First Union National Bank, as Documentation Agent, and the
several Banks parties thereto entered into that certain Credit Agreement dated
as of January 12, 2001 (as amended by that certain First Amendment to Credit
Agreement dated as of May 17, 2001, that certain Second Amendment to Credit
Agreement dated as of June 14, 2001, and that certain Third Amendment to Credit
Agreement, Limited Consent and Assumption Agreement dated as of November 14,
2001, the "Credit Agreement"). Capitalized terms used and not otherwise defined
herein shall have the meanings ascribed to them in the Credit Agreement.

         B. The Borrowers have advised the Administrative Agent that one or more
of them wish (i) to borrow up to $20,000,000 in aggregate principal amount (the
"Initial Nexstar-Bastet/Mission Loan") from Nexstar Finance, Inc., a Delaware
corporation ("Nexstar Finance"), 100% of the proceeds of which Initial
Nexstar-Bastet/Mission Loan will be used, immediately upon the receipt thereof
by such Borrower(s), to repay outstanding Loans, and, (ii) from time to time
after the Initial Nexstar-Bastet/Mission Loan, to borrow additional amounts from
Nexstar Finance or other Nexstar Entities (together with the Initial
Nexstar-Bastet/Mission Loans, collectively, the "Nexstar-Bastet/Mission Loans"),
the aggregate outstanding principal amount of which Nexstar-Bastet/Mission Loans
(inclusive of the outstanding principal amount of the Initial
Nexstar-Bastet/Mission Loan) shall not exceed $30,000,000 at any time.

         C. The incurrence and repayment of the Nexstar-Bastet/Mission Loans are
currently prohibited by Sections 8.05 and 8.10 of the Credit Agreement and
require certain amendments and consents under the Nexstar Credit Agreement to be
made and granted as contemplated by that certain Second Amendment to Amended and
Restated Credit Agreement, Limited Consent and Limited Waiver to be dated as of
even date herewith (the "Nexstar Amendment") among the Ultimate Nexstar Parent,
certain of its Subsidiaries, Nexstar Finance, certain of the Nexstar Banks and
the Administrative Agent for the Nexstar Banks.

<PAGE>

         D. As a result of certain events of default under the Nexstar Credit
Agreement more particularly described in the Nexstar Amendment, Events of
Default exist under Section 9.01(e) of the Credit Agreement (collectively, the
"Cross-Defaults").

         E. The Borrowers have requested that the Banks (i) amend the Credit
Agreement to permit the incurrence and repayment of the Nexstar-Bastet/Mission
Loans, (ii) consent to the execution and delivery of the Nexstar Amendment, and
(iii) waive the Cross-Defaults.

         F. The several Banks parties to this Amendment (which Banks constitute
the Majority Banks required under the Credit Agreement to grant the consents and
waivers and effect the amendments intended hereby) are willing to grant the
above-described consents and waivers and to agree to the above-described
amendments, subject in each case to the performance and observance in full of
each of the covenants, terms and conditions, and in reliance upon all of the
representations and warranties of the Borrowers, set forth herein.

         NOW, THEREFORE, in consideration of the premises and the covenants,
terms and conditions, and in reliance upon the representations and warranties,
in each case contained herein, the parties hereto agree hereby as follows:

         Section 1. AMENDMENTS. Subject to the covenants, terms and conditions
set forth herein and in reliance upon the representations and warranties of the
Borrowers herein contained, the parties to this Amendment hereby agree to amend
the Credit Agreement as of the Amendment Effective Date (as hereinafter defined)
as follows:

         (a) Section 1.01 of the Credit Agreement is amended to add the
following definitions of "Initial Nexstar-Bastet/Mission Loan",
"Nexstar-Bastet/Mission Loan" and "Nexstar Group" in the appropriate
alphabetical positions therein:

                  "Initial Nexstar-Bastet/Mission Loan" means a loan up to
         $20,000,000 in aggregate principal amount from Nexstar Finance to one
         or more of the Borrowers, 100% of the proceeds of which will be used,
         immediately upon the receipt thereof by such Borrower(s), to repay
         outstanding Loans.

                  "Nexstar-Bastet/Mission Loan" means a loan made by a Nexstar
         Entity to one or more of the Borrowers in compliance with Section
         8.05(i) (including the Initial Nexstar-Bastet/Mission Loan).

                  "Nexstar Group" means Nexstar Broadcasting Group, Inc., a
         Delaware corporation formerly known as Nexstar Equity Corp.

         (b) Section 8.05 of the Credit Agreement is amended to (i) delete the
word "and" from the end of clause (g), (ii) delete the period at the end of
clause (h) and insert a semicolon and the word "and" in lieu thereof, and (iii)
to add a new clause (i) that reads as follows:

                  "(i) after such time as the Ultimate Nexstar Parent has merged
         with and into Nexstar Group and Nexstar Group has assumed all of the
         obligations of the Ultimate Nexstar Parent under the Nexstar Loan
         Documents and the Nexstar Guaranty Agreement,

                                       2

<PAGE>

         (i) Indebtedness with respect to the Initial Nexstar Bastet/Mission
         Loan, and (ii) from time to time after the borrowing of the Initial
         Nexstar-Bastet/Mission Loan, Indebtedness with respect to additional
         loans from Nexstar Finance or other Nexstar Entities; provided in each
         case that (A) the aggregate outstanding principal amount of
         Nexstar-Bastet/Mission Loans (inclusive of the outstanding principal
         amount of the Initial Nexstar-Bastet/Mission Loan) may not exceed
         $30,000,000 at any time, (B) each such loan is evidenced by a demand
         promissory note in form and substance reasonably satisfactory to the
         Administrative Agent and which promissory note is delivered to the
         Collateral Agent (as that term is defined in the Nexstar Credit
         Agreement) by the Nexstar Entity making such loan, together with any
         necessary endorsements, to be held as Pledged Collateral (as that term
         is defined in the Nexstar Credit Agreement); (C) no such loan will,
         alone or in the aggregate with any other such loans, violate any
         Requirement of Law applicable to the Nexstar Entities or the
         Bastet/Mission Entities (including, without limitation, all terms and
         conditions of all FCC Licenses covering the Stations and all rules,
         regulations and administrative orders of the FCC) and, prior to the
         making of each such loan, Nexstar Finance shall have delivered to the
         Administrative Agent a certificate to such effect executed on Nexstar
         Finance's behalf by a Responsible Officer of Nexstar Finance, and (D)
         no Default or Event of Default exists both before and after the making
         of such loan."

         (c) Section 8.10 of the Credit Agreement is amended to delete the word
"and" from the end of clause (a), to delete the period (".") at the end of
clause (b) and insert a semicolon (";") and the word "and" in lieu thereof, and
to add a new clause (c) immediately after clause (b) that reads as follows:

                  "(c) the Borrowers may repay the Nexstar-Bastet/Mission Loans
         from time to time in whole or in part provided no Default or Event of
         Default exists before, or will exist immediately after, any such
         repayment."

The amendments set forth in this Section 1 are limited to the extent
specifically set forth above and no other terms, covenants or provisions of the
Credit Agreement are intended to be effected hereby.

         Section 2. LIMITED CONSENTS. Subject to the covenants, terms and
conditions set forth in this Amendment, and in reliance upon the representations
and warranties of the Borrowers herein contained, the several Banks parties to
this Amendment consent to the execution, delivery and performance by the parties
thereto of the Nexstar Amendment and all transactions described therein.

The consents set forth in this Section 2 are limited to the extent specifically
set forth above and no other terms, covenants or provisions of the Credit
Agreement or any other Loan Document are intended to be affected hereby.

         Section 3. LIMITED WAIVERS. Subject to the covenants, terms and
conditions set forth in this Amendment, and in reliance upon the representations
and warranties of the Borrowers made herein, the several Banks parties to this
Amendment waive the Events of

                                       3

<PAGE>

Default under Section 9.01(e) of the Credit Agreement caused by the Existing
Defaults (as defined in the Nexstar Amendment).

The waivers set forth in this Section 3 are limited to the extent specifically
set forth above and no terms, covenants or provisions of the Credit Agreement or
any other Loan Document are intended to be affected hereby except to the extent
specifically waived above.

         Section 4. CONDITIONS PRECEDENT. The parties hereto agree that this
Amendment and the consents, waivers and amendments to the Credit Agreement
contained herein shall not be effective until the satisfaction of each of the
following conditions precedent:

         (a) Execution and Delivery of this Amendment. The Administrative Agent
shall have received a copy of this Amendment executed and delivered by each of
the applicable Credit Parties and by Banks constituting Majority Banks.

         (b) Representations and Warranties. Each of the representations and
warranties made in this Amendment shall be true and correct on and as of the
Amendment Effective Date as if made on and as of such date, both before and
after giving effect to this Amendment.

         (c) Fees and Expenses. The Administrative Agent shall have received for
its own account and for the account of each Bank party to this Amendment, an
amendment fee for each Bank party to this Amendment (collectively, the
"Amendment Fees") in an amount equal to the product of (i) 0.050%, multiplied
by, (ii) such Bank's Commitment as computed on the Amendment Effective Date. The
Amendment Fees shall be nonrefundable and shall be deemed to have been earned in
full when this Amendment has been executed and delivered to the Administrative
Agent by the Borrowers and Banks constituting the Majority Banks, whether or not
the Amendment Effective Date occurs. In addition, the Borrowers shall pay the
estimated fees, costs and out-of-pocket expenses incurred by counsel to the
Administrative Agent in connection with the preparation, negotiation, execution
and delivery of this Amendment, the Nexstar Amendment, and all transaction
contemplated hereby and thereby.

         (d) Effectiveness of the Nexstar Amendment. All conditions precedent to
the effectiveness of the Nexstar Amendment (other than the conditions set forth
in the proviso to Section 4(a) of the Nexstar Amendment) shall have been
satisfied in a manner reasonably satisfactory to the Administrative Agent of
such credit facility.

         Section 5. REPRESENTATIONS AND WARRANTIES. To induce the Administrative
Agent and the several Banks parties hereto to enter into this Amendment and to
grant the consents, waivers and amendments contained herein and in the Nexstar
Amendment, each of the Borrowers represents and warrants to the Administrative
Agent and the Banks as follows:

         (a) Authorization; No Contravention. The execution, delivery and
performance by the Borrowers of this Amendment have been duly authorized by all
necessary partnership, corporate or limited liability company action, as
applicable, and do not and will not (i) contravene the terms of any Charter
Documents of the Borrowers, (ii) conflict with or result in

                                       4

<PAGE>

any breach or contravention of, or the creation of any Lien under, any document
evidencing any Contractual Obligation to which any Borrower is a party or any
order, injunction, writ or decree of any Governmental Authority to which any
Borrower is a party or its property is subject, or (iii) violate any Requirement
of Law.

         (b) Governmental Authorization. No approval, consent, exemption,
authorization or other action by, or notice to, or filing with or approvals
required under state blue sky securities laws or by any Governmental Authority
is necessary or required in connection with the execution, delivery, performance
or enforcement of this Amendment.

         (c) No Default. Other than the Cross-Defaults, no Default or Event of
Default exists under any of the Loan Documents on the date hereof and, on the
Amendment Effective Date, no Default or Event of Default will exist or is
reasonably expected to occur under any of the Loan Documents. No Borrower is in
default under or with respect to (i) its Charter Documents or (ii) any material
Contractual Obligation of such Person. The execution, delivery and performance
of this Amendment shall not result in any default under any Contractual
Obligation of any Borrower in any respect.

         (d) Binding Effect. This Amendment and the Credit Agreement as amended
hereby constitute the legal, valid and binding obligations of the Credit Parties
that are parties thereto, enforceable against such Credit Parties in accordance
with their respective terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, or similar laws affecting the enforcement of
creditors' rights generally or by equitable principles of general applicability.

         (e) Representations and Warranties. The representations and warranties
set forth in the Credit Agreement and the other Loan Documents are true and
correct in all material respects on and as of the Amendment Effective Date, both
before and after giving effect to the amendments contemplated in this Amendment,
as if such representations and warranties were being made on and as of the
Amendment Effective Date.

         Section 6. MISCELLANEOUS

         (a) Ratification of Loan Documents. Except for the specific consents,
waivers and amendments expressly set forth in this Amendment, the terms,
provisions, conditions and covenants of the Credit Agreement and the other Loan
Documents remain in full force and effect and are hereby ratified and confirmed,
and the execution, delivery and performance of this Amendment shall not in any
manner operate as a waiver of, consent to or amendment of any other term,
provision, condition or covenant of the Credit Agreement or any other Loan
Document. Without limiting the generality of the foregoing, the consents set
forth in Section 2 of this Amendment and the waivers set forth in Section 3 of
this Amendment shall be limited precisely as set forth above, and nothing in
this Amendment shall be deemed (i) to constitute a waiver of compliance or
consent to noncompliance by any of the Credit Parties with respect to any other
term provision, condition or covenant of the Credit Agreement or other Loan
Documents; (ii) to prejudice any right or remedy that the Administrative Agent
or the Banks may now have or may have in the future under or in connection with
the Credit Agreement or any other Loan Document; or (iii) to constitute a waiver
of compliance or consent to noncompliance

                                       5

<PAGE>

by any of the Credit Parties with respect to the terms, provisions, conditions
and covenants of the Credit Agreement made the subject hereof, other than as
specifically set forth herein.

         (b) Fees and Expenses. The Borrowers jointly and severally agree to pay
on demand all reasonable costs and expenses of the Administrative Agent in
connection with the preparation, reproduction, execution, and delivery of this
Amendment, the Nexstar Amendment and any other documents prepared in connection
herewith or therewith, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel for the Administrative Agent.

         (c) Headings. Section and subsection headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

         (d) APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

         (e) Counterparts and Amendment Effective Date. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are physically attached to the same document. This Amendment shall become
effective when (i) each of the conditions precedent set forth in Section 4 of
this Amendment have been satisfied, and (ii) the Administrative Agent has
received counterparts of this Amendment executed by the Borrowers, each of the
Guarantors, David S. Smith and Banks constituting Majority Banks (the "Amendment
Effective Date"), whether or not this Amendment has been executed and delivered
by each and every Bank named on the signature pages hereto.

         (f) Affirmation of Guarantees. Notwithstanding that such consent is not
required thereunder, the undersigned Guarantors hereby consent to the execution
and delivery of this Amendment and Nexstar Amendment and the consummation of the
transactions contemplated hereby and thereby and reaffirm their respective
obligations under each of their respective Guaranty Agreements, which Guaranty
Agreements shall continue in full force and effect notwithstanding the
consummation of such transactions.

         (g) Confirmation of Loan Documents and Liens. As a material inducement
to the Banks to agree to grant the consents and waivers set forth herein, to
amend the Credit Agreement as set forth herein and to enter into the Nexstar
Amendment, the Borrowers, the Guarantors and David S. Smith hereby (i)
acknowledge and confirm the continuing existence, validity and effectiveness of
the Loan Documents to which they are parties, including, without limitation the
Security Documents and the Liens granted under the Security Documents, (ii)
agrees that the execution, delivery and performance of this Amendment and the
Nexstar Amendment, and the transactions contemplated hereby and thereby, shall
not in any way release, diminish, impair,

                                       6

<PAGE>

reduce or otherwise adversely affect such Loan Documents and Liens and (iii)
acknowledges and agrees that the Liens granted under the Security Documents
secure, and after the consummation of the transactions contemplated hereby and
by the Nexstar Amendment will continue to secure, payment of the Obligations
under the Loan Documents in the same priority as on the date such Liens were
created and perfected, and the performance and observance by the Borrowers and
the other Credit Parties of the covenants, agreements and conditions to be
performed and observed by each under the Credit Agreement, as amended hereby,
and Nexstar Credit Agreement, as amended by the Nexstar Amendment.

         (h) FINAL AGREEMENT. THIS AMENDMENT, TOGETHER WITH THE CREDIT AGREEMENT
AND OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES.

      [Remainder of Page Intentionally Left Blank; Signature Pages Follow]

                                       7

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their proper and duly authorized officers
effective as of the Amendment Effective Date.

                                   BORROWERS:

                                   BASTET BROADCASTING, INC.

                                   By:/s/ Nancie J. Smith
                                      -----------------------------------
                                   Name: Nancie J. Smith
                                   Title: Vice President

                                   MISSION BROADCASTING OF
                                   WICHITA FALLS, INC.

                                   By:/s/ Nancie J. Smith
                                      -----------------------------------
                                   Name: Nancie J. Smith
                                   Title: Vice President

                                   MISSION BROADCASTING OF
                                   JOPLIN, INC.

                                   By:/s/ Nancie J. Smith
                                      -----------------------------------
                                   Name: Nancie J. Smith
                                   Title: Vice President

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

GUARANTORS (for purposes of Section 6(f) and Section 6(g) hereof):

NEXSTAR BROADCASTING GROUP, L.L.C.
NEXSTAR FINANCE, L.L.C.
NEXSTAR BROADCASTING OF NORTHEASTERN PENNSYLVANIA, INC.
NEXSTAR BROADCASTING OF JOPLIN, INC.
NEXSTAR BROADCASTING OF ERIE, INC.
KBTV BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF BEAUMONT/PORT
 ARTHUR, INC.)
KFDX BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF WICHITA FALLS, INC.)
NEXSTAR BROADCASTING OF ROCHESTER, INC.
KTAB BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF ABILENE, INC.)
ERC HOLDINGS, INC.
NEXSTAR MIDWEST HOLDINGS, INC.
NEXSTAR BROADCASTING OF CHAMPAIGN, INC.
NEXSTAR BROADCASTING OF PEORIA, INC.
KMID BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF MIDLAND-ODESSA, INC.)
KTAL BROADCASTING INC. (F/K/A NEXSTAR BROADCASTING OF LOUISIANA, INC.)
NEXSTAR FINANCE HOLDINGS, L.L.C.
NEXSTAR FINANCE HOLDINGS II, L.L.C.
NEXSTAR FINANCE HOLDINGS, INC.
NEXSTAR BROADCASTING OF ABILENE, L.L.C.
NEXSTAR BROADCASTING OF BEAUMONT/ PORT ARTHUR, L.L.C.
NEXSTAR BROADCASTING OF CHAMPAIGN, L.L.C.
ENTERTAINMENT REALTY CORPORATION
NEXSTAR BROADCASTING OF ERIE, L.L.C.
NEXSTAR BROADCASTING OF JOPLIN, L.L.C.
NEXSTAR BROADCASTING OF LOUISIANA, L.L.C.
NEXSTAR BROADCASTING OF MIDLAND-ODESSA, L.L.C.
NEXSTAR BROADCASTING OF THE MIDWEST, INC.
NEXSTAR BROADCASTING OF NORTHEASTERN PENNSYLVANIA, L.L.C.
NEXSTAR FINANCE, INC.
NEXSTAR BROADCASTING OF PEORIA, L.L.C.
NEXSTAR BROADCASTING OF ROCHESTER, L.L.C.
NEXSTAR BROADCASTING OF WICHITA FALLS, L.L.C.

By:/s/ Shirley Green
   --------------------------------------------------
Title: Secretary of each of the
       above-named entities

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

DAVID S. SMITH (for purposes of Section 6(g) hereof):

/s/ David S. Smith
---------------------------------------------------
DAVID S. SMITH

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                               WACHOVIA BANK, NATIONAL ASSOCIATION (SUCCESSOR
                               BY MERGER TO FIRST UNION NATIONAL BANK)

                               By: /s/ Lawrence P. Sullivan
                                   --------------------------------
                               Name: Lawrence P. Sullivan
                               Title: Vice President

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                               CIBC INC.

                               By: /s/ Tefta Ghilaga
                                   -------------------------------------------
                               Name: Tefta Ghilaga
                               Title: Executive Director
                               CIBC World Markets Corp. As Agent

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                               ADMINISTRATIVE AGENT AND BANKS:

                               BANK OF AMERICA, N.A.,
                               as Administrative Agent

                               By: /s/ Steven P. Renwick
                                   -------------------------------------
                               Name: Steven P. Renwick
                               Title: Principal

                               BANK OF AMERICA, N.A.

                               By: /s/ Steven P. Renwick
                                   -------------------------------------
                               Name: Steven P. Renwick
                               Title: Principal

    [Signature Page to Fourth Amendment to Credit Agreement, Limited Consent
                              and Limited Waiver]

<PAGE>

                               U.S. BANK NATIONAL ASSOCIATION (SUCCESSOR BY
                               MERGER TO FIRSTAR BANK, N.A.)

                               By: /s/ Michael J. Homeyer
                                   ----------------------------------
                               Name: Michael J. Homeyer
                               Title: Vice President

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