Nexstar Media Group, Inc. (NXST) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $NXST

Dan KurnosThe Benchmark — Analyst

And you get the super bowl in ’21 on CBS, so that doesn’t hurt you either. All right. Congrats, guys. It’s just — it’s a great all-around print. Thanks so much for the color.

Tom CarterChief Operating Officer and Chief Financial Officer

Thanks, Dan.

Perry A. SookChairman and Chief Executive Officer

Thanks, Dan.

Operator

We’ll take our next question from Kyle Evans with Stephens. Please go ahead.

Kyle EvansStephens — Analyst

Thanks. I’m going to push a little bit harder on the Supreme Court stuff. I appreciate the timing there, the May, June. But if we get from them, what was originally kind of on the books for end market. Could you put some brackets around the opportunity there? I know you have pre-Tribune, we had a good understanding of what your duopoly contribution was? And I’m not sure I have that today. Just some help there would be appreciated.

Perry A. SookChairman and Chief Executive Officer

Well, Kyle, as you know, the Supreme Court — the case before the Supreme Court would deal with in-market ownership restrictions and has nothing to do with the national cap. So I would call your attention to the major market, CW and MyNetwork stations we have that are tremendously successful but are stand-alone operations, that the opportunity to combine with other stations in market is something we would certainly take a look at if the opportunities presented themselves. But again, approximately 2/3 of our markets operate deriving economic benefit from more than one station. So it’s the other 1/3. And now the way the portfolio is constituted many of those opportunities are toward the top end of our market list.

Kyle EvansStephens — Analyst

Got it. You mentioned sequential improvement in core since April with a little bit of displacement pressure in October. Could you put some brackets around kind of the — what you saw intra-quarter, 3Q and maybe give us a number for October?

Tom CarterChief Operating Officer and Chief Financial Officer

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