Nexstar Media Group has extended CEO Perry Sook ‘s contract through March 2029.

Sook, who is Nexstar’s third-largest shareholder, founded the company in 1996 and in less than 30 years built it from a single radio station into the No. 1 local TV station owner in the U.S. Among Nexstar’s 40 acquisitions along the way was a deal to take majority control of the CW broadcast network. The company’s portfolio also includes the cable network News Nation.

In 2024, Sook collected $35.9 million in total compensation, up 23% from 2023. The compensation package ranked in the middle of the pack among major media CEOs.

The new contract comes after Nexstar and local station rival Tegna announced plans to merge, which would take Sook’s growth ambitions to a new level. As proposed, the deal would gi

See Full Page