NXST price target estimate was 30 dollars max for next year. NXST is not a buy but a sale. It is going to be much harder in the future to beat estimates. The stock went from 6 to 30 in less than a year time to take your money. It could go lower as fast as it went up even if the management is a very good one. Advertising slowing . Finally nobody is talking about the ratings . The ones for NXST are still very low compare to others. talking about bubble this is a big one
Did you listen to the call? Management is forecasting $5 of FCF per year in 14/15. That means the stock goes to ~$50 by then. And that's if they don't do any more acquisitions, and there is a lot of assets on the market.
Read over posts by value_invstr going a few yrs back. He has called this sector spot on and continues to do so.
He understands this sector inside out so I would not be betting against him based on a stock already having made a 500% return in one yr.