Nexstar Media Group Extends CEO Perry A. Sook's Employment Agreement Through 2029

Strategic Insights -

Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc., has had his employment agreement extended through March 31, 2029, by the Company's Board of Directors. This extension comes as Nexstar embarks on its next phase of growth, including the proposed acquisition of TEGNA, which represents a significant opportunity for the company.

Mr. Sook, who founded Nexstar in 1996 and has served as CEO since then, has led the company's transformative growth, including the completion and integration of over 40 acquisitions. Under his leadership, Nexstar has become a leading diversified media company and America's largest local broadcasting group. Mr. Sook expressed his enthusiasm for the company's future, stating, "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."

Jay M. Grossman, Chairman of Nexstar's Board of Directors Compensation Committee, praised Mr. Sook's leadership, noting, "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." Mr. Grossman also highlighted Mr. Sook's experience and track record of success in broadcast M&A, commenting, "He is uniquely qualified to deliver the full value we expect for shareholders, as well as the local communities we serve."

Key Takeaways:

  • Nexstar Media Group extends CEO Perry A. Sook's employment agreement through March 31, 2029.
  • Mr. Sook has led the company's transformative growth, including the completion and integration of over 40 acquisitions.
  • Nexstar has become a leading diversified media company, with over 316,000 hours of programming produced annually by its business units.
  • The company owns America's largest local television broadcasting group, comprised of top network affiliates in 116 U.S. markets reaching 220 million people.
  • Nexstar's proposed acquisition of TEGNA represents a significant opportunity for the company and its shareholders.
  • Mr. Sook's leadership has been instrumental in driving Nexstar's financial growth and shareholder returns.

Statistics:

  • Over 316,000 hours of programming produced annually by Nexstar's business units.
  • Over 200 owned or partner stations in 116 U.S. markets reaching 220 million people.
  • 31.3% ownership stake in TV Food Network.
  • Net revenue and cash flow growth expected through the proposed acquisition of TEGNA.

Sources:

  • Nexstar Media Group, Inc. (NASDAQ: NXST) press release dated October 30, 2025.
  • Businesswire.com, "Nexstar Media Group Extends CEO Perry A. Sook's Employment Agreement Through March 31, 2029" (October 30, 2025).
  • Nexstar Media Group, Inc. (NASDAQ: NXST) SEC filings.