Nexstar's FCF and Capital Allocation

a THE HILL SENATE Multiple Organic Opportunities for Outsized Long-Term Value Creation ATSC 3.0 (NEXTGEN TV) foo networ [NEWSNATION] Democrats Scramble f path forward after en setbacks Biden! anti-L 1,135 Equa 1 AGO 1,135 1 Fox News and CNN are expected to generate $2.9BN and $1.7BN, respectively of 2022 revenue. Source: SNL Kagan. 2 THE ABC, CBS, NBC and Fox are expected to generate, on average, $5BN of revenue and $800MM of profit in 2022. Source: SNL Kagan. High speed data transmission 3 applications could generate up to $15BN of industry revenue. Source: BIA Kelsey. 13

View entire presentation