Nexstar Media Group has announced it has inked CEO Perry Sook to a long-term contract extension.
As part of the extension, Sook will remain as the company’s Chairman and CEO through March 31, 2029.
Sook founded the company in 1996 and has served as the CEO of the organization ever since. During his tenure, he’s led the company through the completion of more than 40 acquisitions.
“As we embark on this next phase of growth for Nexstar, I have never been more energized about the prospects for the industry, for Nexstar and for what Nexstar can become,” Sook said. “I look forward to leading the Company to new levels of success and continuing to create value for our shareholders, our advertisers, our employees and the communities we serve.”
“The Board is delighted to extend Perry’s employment agreement at this pivotal moment for Nexstar and the
local broadcast television industry,” added the company’s Board of Directors Compensation Committee Jay Grossman. “Perry’s vision, commitment and deep understanding of the media landscape have been instrumental in driving Nexstar’s strong and consistent record of operating execution, financial growth and shareholder returns.
“The proposed acquisition of TEGNA represents the next chapter in Nexstar’s growth story and with Perry’s unmatched experience and track record of success in broadcast M&A, he is uniquely qualified to deliver the full value we expect for shareholders, as well as the local communities we serve. On behalf of the entire Board of Directors, we are deeply grateful for Perry’s exceptional leadership and continued commitment to our viewers, advertising clients, team members, shareholders and all stakeholders.”
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