Nexstar Media Group Extends Leadership with Perry A. Sook's Employment Agreement

On October 30, 2025, Nexstar Media Group, Inc. (Nasdaq: NXST) made significant waves in the media industry by announcing the extension of its Chairman and Chief Executive Officer, Perry A. Sook's employment agreement through March 31, 2029. This decision comes as the company positions itself for further growth in a rapidly evolving broadcasting landscape.

Perry A. Sook, who founded Nexstar in 1996, has been at the helm of the company since its inception. Under his leadership, Nexstar has seen transformative growth marked by the successful completion and integration of over 40 acquisitions. Today, Nexstar stands as a leading diversified media company and the largest local broadcasting group in America.

Mr. Sook expressed his enthusiasm about the 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.” His commitment to enhancing shareholder value, serving advertisers, and supporting local communities is evident in his forward-looking vision.

Jay M. Grossman, Chairman of Nexstar’s Board of Directors Compensation Committee, emphasized the board’s satisfaction with extending Sook’s contract at this crucial juncture for both Nexstar and the local broadcast television industry. Grossman noted, “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 board's confidence in Sook's leadership is further highlighted by the anticipated acquisition of TEGNA, which is seen as a pivotal step in Nexstar's growth trajectory. Grossman remarked on Sook's unmatched experience in broadcast mergers and acquisitions, positioning him as uniquely qualified to deliver value to shareholders and local communities.

Nexstar Media Group is recognized as a leading diversified media company, producing and distributing engaging local and national news, sports, and entertainment content across a variety of platforms. With over 316,000 hours of programming generated annually, Nexstar boasts an extensive portfolio that includes:

The extension of Perry A. Sook's leadership through 2029 signals Nexstar's intent to build on its momentum and address the challenges of a dynamic media environment. With Sook at the helm, Nexstar aims to enhance its operations and drive further growth. As the company navigates the complexities of the broadcasting landscape, stakeholders are optimistic about the potential for innovation and expansion under Sook's proven stewardship.

In conclusion, the extension of Sook's employment agreement not only reinforces the board's confidence in his leadership but also sets the stage for a promising future for Nexstar Media Group as it continues to evolve and adapt in the competitive media industry.