Business
Nexstar Media Group Extends Employment Agreement of Chief Executive Officer, Perry A. Sook, Through March 2026
Sook-led Nexstar Has Delivered Total Shareholder Returns of Over 1,800% Over the Last Ten Years IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Group, Inc.
About this update from Nexstar Media Group, Inc.
[{"type":"text","content":"\nSook-led Nexstar Has Delivered Total Shareholder Returns of Over 1,800% Over the Last Ten Years\n\n IRVING, Texas--(BUSINESS WIRE)--\nNexstar Media Group, Inc. (the “Company”) (Nasdaq: NXST), announced today that its Board of Directors has extended the employment agreement of Chief Executive Officer, Perry A. Sook, through March 31, 2026. In addition to his responsibilities as Chief Executive Officer, Mr. Sook also serves as the Company’s Chairman and he remains a top shareholder of the Company.\n\nMr. Sook founded Nexstar Media Group in 1996 and has served as Chief Executive Officer since that time. During his tenure, Mr. Sook has spearheaded the Company’s transformative growth. Today, Nexstar is a leading diversified media company and America’s largest local broadcasting group, with annual revenue rising from approximately $87 million at the time of the November 2003 initial public offering, to over $4.6 billion in 2021.\n\nNexstar’s consistent growth, financial outperformance, operating execution and record of value creation under Mr. Sook’s leadership have enabled Nexstar to become one of the best performing stocks of the past ten years. With total shareholder returns of more than 1,800% through 2021 year-end, Nexstar has outperformed the S&P 500, Comcast, Paramount, Disney, Google, Apple and Amazon.\n\nDennis Miller, Chairman of Nexstar’s Board of Directors Compensation Committee, commented, “Given his long-term record of accomplishments, we are delighted to extend Perry’s employment agreement. He is rightfully recognized as the industry’s most effective leader and innovator, and his vision, commitment and team-building have driven Nexstar’s exceptional record of operating execution, consistent financial growth and the enhancement of shareholder value, while positioning the Company to aggressively compete in the ever-changing media environment. On behalf of the entire Board of Directors, we are grateful for Perry’s contributions and look forward to the continued benefit of his vision and dedication to the company’s viewers, advertising clients, team members, shareholders and other stakeholders.”\n\nAbout Nexstar Media Group, Inc.\n\nNexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content, including 290,...