After Perry Sook, Nexstar Will Split CEO, Chairman Jobs

By Jon Lafayette
( Broadcasting & Cable )
published

Sook’s employment agreement runs through March 2026

Perry Sook at the 24th B+C Hall of Fame.
Perry Sook (Image credit: Future)

Nexstar Media Group’s  board of directors has decided that separating the jobs of chairman and CEO would be a good idea, but it won’t be implemented until founder Perry Sook leaves the company.

Sook, Nexstar’s chairman and CEO, is the company’s third largest shareholders with a 4.6% stake in the broadcaster. His current employment agreement with Nexstar runs through March 31, 2026.

According to the company, the Board believes the adoption of this policy is in the best interests of the company and its shareholders, as the new policy does not interfere with Sook’s continued leadership

of Nexstar and the benefits he brings to Nexstar, while establishing a plan that provides a runway for the most qualified individuals to serve as CEO and chairperson in the future.

Sook founded Nexstar in 1996. It has grown into one of the largest broadcasters, with annualized revenues of more than $5 billion.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.