Perry A. Sook has over 41 years of professional experience in the television and radio broadcasting industries, covering all facets of the business, including ownership and M&A, management, sales, on-air talent, and news. He founded Nexstar in 1996 with one local television station in Scranton, PA, and began building the foundation of what became one of the world’s leading local marketing and content companies, leveraging localism to bring new services and value to consumers and advertisers across its traditional media, digital and mobile media platforms. Based in Irving, TX, Nexstar trades on NASDAQ under the symbol “NXST”.
Following the $7.1 billion accretive acquisition of Tribune Media and the $4.6 billion accretive acquisition of Media General, Nexstar Media Group, Inc. is the largest local broadcast television operator in the United States, with 199 stations reaching 116 markets, or more than 68% of all television households, and annual revenue in excess of $4.5 billion. As one of the nation’s leading providers of local news, entertainment, sports, lifestyle, and network programming, Nexstar produces and distributes over 275,000 hours of local content per year. In addition, Nexstar’s digital properties provide innovative digital marketing solutions and services to local and national media companies, advertisers, agencies, and brands.
Prior to Nexstar, Mr. Sook was one of the principals of Superior Communication Group, Inc., which was sold in 1995 to Sinclair Broadcast Group. Before Superior, Mr. Sook was President/CEO of Seaway Communication, Inc., owner of network affiliated stations in Bangor, ME and Wausau, WI. Before being recruited to run Seaway, he worked in the television industry as a General Sales Manager, acting General Manager and National Sales Manager. Mr. Sook previously spent five years with Cox Broadcasting, first in local sales in Pittsburgh, then at Telerep, Inc., as a National Account Executive. Early in his career, Mr. Sook was involved in local TV sales and radio sales. Mr. Sook also worked briefly as a television news anchor at the CBS affiliate in Clarksburg, WV.
In June 2021, Mr. Sook was elected Television Board chair for the National Association of Broadcasters (NAB). He serves on the Board of Directors of Broadcast Music, Inc. (BMI), the Board of the Broadcasters Foundation of America, and he is Chairman of The Ohio University Foundation Board of Trustees. Mr. Sook is also a member of the Board of Directors of the Television Bureau of Advertising (TVB), where he formerly served as Chairman. He is past Chairman of the CBS Affiliate Board.
Mr. Sook was named the 2009 Broadcaster of the Year by Broadcasting and Cable (B&C) and was among the honorees inducted into the B&C Hall of Fame in 2014. He was inducted to The Library of American Broadcasting Foundation’s 2016 Giants of Broadcasting and Electronic Arts and received The Media Institute’s 2016 American Horizon Award, recognizing his leadership, promoting the vitality and independence of American media.
Mr. Sook did his undergraduate work at Ohio University in Athens, OH and was an adjunct professor at Edinboro State University of Pennsylvania.
He and his wife Sandra have three children: Laura, Victoria and Perry, Jr. They reside in Flower Mound, TX.
What is Perry A. Sook's net worth?
The estimated net worth of Perry A. Sook is at least $106.75 million as of December 23rd, 2024. Mr. Sook owns 674,694 shares of Nexstar Media Group stock worth more than $106,750,085 as of December 23rd. This net worth approximation does not reflect any other investments that Mr. Sook may own. Additionally, Mr. Sook receives a salary of $6,010,000.00 as CEO at Nexstar Media Group. Learn More about Perry A. Sook's net worth.
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Has Perry A. Sook been buying or selling shares of Nexstar Media Group?
During the past quarter, Perry A. Sook has sold $16,349,130.85 in shares of Nexstar Media Group stock. Most recently, Perry A. Sook sold 52,808 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $157.41, for a transaction totalling $8,312,507.28. Following the completion of the sale, the chief executive officer now directly owns 674,694 shares of the company's stock, valued at $106,203,582.54. Learn More on Perry A. Sook's trading history.
Who are Nexstar Media Group's active insiders?
Nexstar Media Group's insider roster includes Andrew Alford (Insider), Geoffrey Armstrong (Director), Michael Biard (COO), Karen Brophy (Insider), Timothy Busch (Insider), Thomas Carter (COO), Sean Compton (Insider), Dennis Fitzsimons (Director), Lee Ann Gliha (CFO), Jay Grossman (Director), Brett Jenkins (EVP), Charles McMillen (Director), Lisbeth Mcnabb (Director), Dennis Miller (Director), Rachel Morgan (EVP), John Muse (Director), I. Pompadur (Director), Blake Russell (EVP), Elizabeth Ryder (EVP), Perry Sook (CEO), Michael Strober (EVP and Chief Revenue Officer), Gary Weitman (Insider), and Dana Zimmer (Insider). Learn More on Nexstar Media Group's active insiders.
Are insiders buying or selling shares of Nexstar Media Group?
During the last twelve months, insiders at the sold shares 40 times. They sold a total of 209,596 shares worth more than $34,246,999.35. The most recent insider tranaction occured on December, 23rd when CEO Perry A Sook sold 52,808 shares worth more than $8,312,507.28. Insiders at Nexstar Media Group own 6.3% of the company.
Learn More about insider trades at Nexstar Media Group. Information on this page was last updated on 12/23/2024.