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 produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. The Companyâs segments include Broadcast and The CW Network, LLC (The CW). The Broadcast segment includes television stations and related local websites that Company 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 CW segment is a broadcast network in the United States. The other activities of the Company include digital businesses focused on the national marketplace and the management of certain real estate assets.