SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
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INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Nexstar Broadcasting Group Inc.
(Name of Issuer)
Common Stock, $.0.01 par value
(Title of Class of Securities)
65336K103
(CUSIP Number)
February 26, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 65336K103 Page 2 of 11
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(1) NAME OF REPORTING PERSON
Act II Management, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-4196966
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
720,207
SHARES
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BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY _____________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
720,207
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
720,207
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.03%
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(12) TYPE OF REPORTING PERSON
IA
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CUSIP No. 65336K103 Page 3 of 11
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(1) NAME OF REPORTING PERSON
Act II Capital, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
13-4196964
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
720,207
SHARES
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BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
720,207
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
720,207
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.03%
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(12) TYPE OF REPORTING PERSON
OO
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CUSIP No. 65336K103 Page 4 of 11
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(1) NAME OF REPORTING PERSON
Dennis H. Leibowitz
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
720,207
SHARES
--------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
720,207
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
720,207
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.03%
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(12) TYPE OF REPORTING PERSON
IN
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CUSIP No. 65336K103 Page 5 of 11
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(1) NAME OF REPORTING PERSON
Act II Master Fund, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
98-0431556
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF (5) SOLE VOTING POWER
720,207
SHARES
-------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY
-------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
720,207
REPORTING
-------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
720,207
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.03%
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(12) TYPE OF REPORTING PERSON
CO
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CUSIP No. 65336K103 Page 6 of 11
ITEM 1(a). NAME OF ISSUER:
Nexstar Broadcasting Group Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
909 Lake Carolyn Parkway, Suite 1450, Irving Texas 75039.
ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL
BUSINESS OFFICE AND CITIZENSHIP:
This statement is filed by the entities and persons listed below, all of
whom together are referred to herein as the "Reporting Persons":
(i) Act II Management, L.P. ("AII"), a Delaware limited partnership,
with respect to the Shares reported in this Schedule 13G held
by certain investment funds managed by AII (the "Accounts").
(ii) Act II Capital, L.L.C. ("AIIC") a Delaware limited liability
company, with respect to the Shares reported in this Schedule
13G held by the Accounts.
(iii) Dennis H. Leibowitz, who is the Principal of the General
Partner of AII, with respect to the Shares reported in this
Schedule 13G held by the Accounts.
(iv) Act II Master Fund, Ltd. ("AIIMF"), a Cayman Islands company,
with respect to shares owned by it.
The citizenship of AII, AIIC and AIIMF is set forth above. Dennis H.
Leibowitz is a United States citizen.
The address of the Principal business office of each of the Reporting
Persons is 444 Madison Avenue 17th Floor New York, NY 10022. The address of the
Principal business office of AIIMF is C/o Admiral Administration Ltd. P.O. Box
32021, SMB Admiral Financial Centre, Grand Cayman, Cayman Islands, B.W.I.
CUSIP No. 65336K103 Page 7 of 11
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
ITEM 2(e). CUSIP NUMBER: 65336K103
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940;
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d- 1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G);
(h) [ ] Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940; or
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS
BOX. [x]
CUSIP No. 65336K103 Page 8 of 11
ITEM 4. OWNERSHIP.
AII serves as principal investment manager to investment funds with
respect to which it has voting and dispositive authority over the Shares
reported in this Schedule 13G. AII may invest directly or through AIIMF. AIIC is
the General Partner of AII. As such, it may be deemed to control such entity and
therefore may be deemed to be the beneficial owner of the Shares reported in
this Schedule 13G. Mr. Dennis H. Leibowitz is the Principal of the AIIC. As
such, he may be deemed to control such entity and therefore may be deemed to be
the beneficial owner of the Shares reported in this Schedule 13G.
Each of the Reporting Persons hereby disclaims any beneficial
ownership of any such Shares.
A. AII
(a) Amount beneficially owned: 720,207
(b) Percent of class: 5.03%
All percentages herein are based on 14,311,810 shares of Common
Stock reported to be outstanding as of October 31, 2006, as
reflected in the Form 10-Q filed by the Company for the quarterly
period ended September 30, 2006.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
720,207
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
720,207
(iv) shared power to dispose or to direct the disposition
of 0
B. AIIC
(a) Amount beneficially owned: 720,207
(b) Percent of class: 5.03%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
720,207
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition
720,207
(iv) shared power to dispose or to direct the disposition
of 0
C. Dennis H. Leibowitz
(a) Amount beneficially owned: 720,207
(b) Percent of class: 5.03%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
720,207
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition
720,207
(iv) shared power to dispose or to direct the disposition
of 0
D. AIIMF
(a) Amount beneficially owned: 720,207
(b) Percent of class: 5.03%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
720,207
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
720,207
(iv) shared power to dispose or to direct the disposition
of 0
CUSIP No. 65336K103 Page 9 of 11
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
See Item 4.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not
applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Item 4.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
Each of the Reporting Persons hereby makes the following
certification:
By signing below each Reporting Person certifies that, to the best of
its knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and not held
in connection with or as a participant in any transaction having that purpose or
effect.
CUSIP No. 65336K103 Page 10 of 11
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: March 2, 2007 /s/ Dennis H. Leibowitz
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Act II Management, L.P.
By Dennis H. Leibowitz
Principal of the General Partner
/s/ Dennis H. Leibowitz
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Act II Capital, L.L.C.
By Dennis H. Leibowitz
Principal
/s/ Dennis H. Leibowitz
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Dennis H. Leibowitz
/s/ Dennis H. Leibowitz
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Act II Master Fund, Ltd.
By Dennis H. Leibowitz
Director