Sook, who founded Nexstar in 1996, is also the third largest shareholder in the company after the institutional firms Blackrock and Vanguard, holding 5.8 percent of the company’s shares as of earlier this year.
The contract extension comes at a pivotal moment for Nexstar, which is seeking to acquire Tegna in a $6.2 billion deal that would reshape the TV station landscape. The deal would require the FCC to change its TV station ownership rules.
Nexstar also owns the political news outlet The Hill, The CW, and the cable news channel NewsNation.
“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,…
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