13G Filing: Park West Asset Management and Nexstar Media Group Inc. (NXST)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

Check the appropriate box to designate the
rule pursuant to which this Schedule 13G is filed:

[   ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[   ] Rule 13d-1(d)

* The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of
this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

 * Beneficial
ownership percentage is based upon 46,218,124 shares
of Class A Common Stock, $0.01 par value per share (“Common Stock”), of Nexstar Media Group, Inc., a Delaware corporation
(the “Company”), issued and outstanding as of August 7, 2017, based on information reported by the Company in its
Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2017. Park West Asset Management
LLC (“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company
(“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and,
collectively with PWIMF, the “PW Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM, the
“Reporting Persons”) is the sole member and manager of PWAM. As of September 7, 2017, PWIMF held 1,302,335 shares
of Common Stock of the Company and options to purchase up to 887,200 shares of Common Stock of the Company and PWPI held 161,647
shares of Common Stock of the Company and options to purchase up to 112,800 shares of Common Stock of the Company. As a result
of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 1,463,982
shares of Common Stock of the Company and the 1,000,000 shares of Common Stock of the Company underlying the options held in the
aggregate by the PW Funds, or 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of September
7, 2017. 

* Beneficial
ownership percentage is based upon 46,218,124 shares
of Common Stock of the Company, issued and outstanding as of August 7, 2017, based on information reported by the Company in its
Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2017. PWAM is the investment manager
to the PW Funds, and Mr. Park is the sole member and manager of PWAM. As of September 7, 2017, PWIMF held 1,302,335 shares of
Common Stock of the Company and options to purchase up to 887,200 shares of Common Stock of the Company and PWPI held 161,647
shares of Common Stock of the Company and options to purchase up to 112,800 shares of Common Stock of the Company. As a result
of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 1,463,982
shares of Common Stock of the Company and the 1,000,000 shares of Common Stock of the Company underlying the options held in the
aggregate by the PW Funds, or 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of September
7, 2017.

SIGNATURE

          After reasonable inquiry and to the
best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Attention: Intentional misstatements or omissions
of fact constitute

Federal criminal violations (See 18 U.S.C.
1001)

Exhibit Index

Exhibit A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below
agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares
of Class A Common Stock, $0.01 par value per share, of Nexstar Media Group, Inc., a Delaware corporation, and further agree that
this Joint Filing Agreement be included as Exhibit A to such Schedule 13G. In evidence thereof, the undersigned hereby execute
this agreement this 18th day of September, 2017.