Nexstar Media Group, Inc. (NasdaqGS:NXST) will look for M&A. Thomas Carter President and Chief Operating Officer said during the Third Quarter 2021 Results Conference Call, "Looking ahead, we have excellent visibility to achieving our free cash flow targets in the current cycle and a clear path to continued near and long-term enhancement of shareholder value as we follow the successful strategies we've established in terms of building the top line, maintaining close control of our fixed and variable expenses, optimizing the balance sheet and selective value-enhancing M&A. Our disciplines in these areas have added consistency and visibility to our results while creating new value for our shareholders".
Nexstar Media Group, Inc. is a diversified media company with television broadcasting, television network and digital media assets operating in the United States. The Company owns, operates, programs, or provides sales and other services to 199 full-power television stations and one AM radio station. The Company operates through a single segment, broadcast. The broadcast segment includes television stations and related community focused websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States; NewsNation, a national cable news network; two owned and operated digital multicast networks and other multicast network services; and WGN-AM, a Chicago radio station. The other activities of the Company include operating The CW, digital businesses, corporate functions, the management of certain real estate assets, including revenues from leasing certain owned office and production facilities, and eliminations.