Nexstar CEO Perry Sook has extended his contract with the broadcast giant through March 31, 2026.Financial terms of Sook's new pact, which was announced by Nexstar Monday, were not disclosed.Sook, who founded Nexstar Media Group in 1996, has served as CEO since that time. He is also chairman and the top shareholder of the company.Under Sook's leadership, the Irving, Texas-based Nexstar has seen revenue rise from approximately $87 million at the time of the November 2003 IPO to over $4.6...
Nexstar Media Group
Perry
Sook
Chairman / CEO
Nexstar has made some high-profile media deals over the past year under the leadership of founder Sook, including acquiring political news site The Hill for $130 million and taking a majority stake in the U.S.’ youngest broadcast network, the CW, from parent companies Paramount Global and Warner Bros. Discovery. Sook’s local broadcasting group has seen several bumps in the road in getting cable offering NewsNation to cash on in the market, but he has high hopes for what it can do. And with his focus on shifting the target age of the CW’s programming up from twentysomethings to fiftysomethings, all of his broadcast competition is waiting to see if a heavy lift in ad sales for the network will follow.