Nexstar Media Group, Inc. (NXST) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $NXST
Steven Cahall — Wells Fargo — Analyst
Great. And then, Tom, on the outlook for next year, you kind of said like Q1 would look a lot like last year, Q2 and Q3 would be up and then Q4, you comp against political. Was that top line? Or could we think that also being the same for EBITDA or free cash flow or all of the above?
Tom Carter — Chief Operating Officer and Chief Financial Officer
Well, the comment was specifically geared toward revenue. And obviously, we’re going through the process right now from an entire 2021 budget perspective, but I would say a lot of it could be attributable to EBITDA as well.
Steven Cahall — Wells Fargo — Analyst
Great. Thank you.
Operator
We’ll take our next question from Jim Goss with Barrington Research. Please go ahead.
Jim Goss — Barrington Research — Analyst
Okay. A couple of them. First, there has been talk about additional fundraising at the national level regarding potential challenges to the election results, I’m wondering if you think that can add to your political dollars in the fourth quarter.
Perry A. Sook — Chairman and Chief Executive Officer
Yes. We have a bails — bail request pending as we speak.
Jim Goss — Barrington Research — Analyst
Okay. And secondly, regarding News Nation, I’m just wondering about the relevance of it beyond the presidential election period. It probably does pay for itself just in terms of viewership that does not require the content costs with the rerun payments. But are you in process of refining their programming and do you think there will be any let down as perhaps the attentions news dips a little bit perhaps after the election?
Perry A. Sook — Chairman and Chief Executive Officer
Well, Jim, I’d kind of turn the question around and say if there’s a Democrat in the White House, what does MSNBC going to have to talk about? And our focus has been on news and no opinion. We’re talking about expanding shows into other dayparts, which would be personality-driven like a morning show. We’re talking about potentially launching a — to borrow a PBS term, a crossfire show to have people on opposite sides of an issue, debate that issue every night. And we have some other things in the works, and I don’t want to tip our hand there. But I — again, I think that we’ve got a swim lane here, which is, give me the — don’t tell me what to think, just tell me what’s going on, and I’ll make up my own mind. Which we think is the largest swim lane potential rather than being to the far left or the far right, and it’s also the right thing to do.