Overview
- Nexstar said Perry Sook’s employment agreement now runs through March 31, 2029.
- Sook founded the company in 1996, remains its third-largest shareholder, and oversees more than 200 owned or partner stations across 116 markets.
- Nexstar is pursuing a $6.2 billion acquisition of Tegna’s 64 stations, with closing targeted for the second half of 2026 pending regulatory approvals and potential changes to ownership limits.
- The extension follows Nexstar’s temporary pre-emption and subsequent reinstatement of Jimmy Kimmel’s ABC show, which the company defended as serving the public interest while denying influence from FCC Chair Brendan Carr.
- In 2024 Sook received $35.9 million in total compensation, including $27.7 million in stock awards and a $3.2 million cash bonus.