Nexstar Pres./CEO Perry A. Sook Gets Contract Extension

Sook

NEXSTAR MEDIA GROUP, INC., which may or may not be dipping a toe into the radio business depending on whether it retains or spins off News-Talk WGN-A/CHICAGO from its pending acquisition of TRIBUNE MEDIA, has extended President/CEO and Chairman PERRY A. SOOK's contract through FEBRUARY 28, 2023.  SOOK founded the television station group in 1996 and will be the largest local TV station owner upon closing of the TRIBUNE deal.

NEXSTAR Media Compensation Committee Chairman GEOFF ARMSTRONG said, "PERRY's leadership, innovation and determination has enabled NEXSTAR to build an unrivaled record in the local media industry for operating and financial growth and the enhancement of shareholder value. Throughout his tenure, PERRY has flawlessly executed the Company’s long-term strategy that combines scale-building acquisitions with the implementation of new standards and innovative technologies that together have positioned the Company to compete more effectively in a changing media environment and participate in the growth of the digital economy.

“Upon completion of the pending acquisition of TRIBUNE MEDIA, NEXSTAR will be the largest local television group in the United States, with a portfolio of highly profitable leading local television stations and a growing digital media business. PERRY’s long-term experience in leading the successful integration of acquired assets and NEXSTAR’s record of meeting and exceeding financial and synergy targets will serve the Company well as the TRIBUNE MEDIA stations that become part of the NEXSTAR platform later this year. On behalf of the entire Board of Directors, we are grateful to PERRY’s contributions and look forward to the continued benefit of his vision and commitment to the company’s viewers, advertising clients and shareholders.”

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