Perry Sook, who has led Nexstar Media Group from humble beginnings two-plus decades ago to its current status as the top owner of TV stations and the parent of The CW, made $39.3 million in 2022.
The CEO’s total compensation package included a $33 million stock grant, according to an SEC filing. Sook’s total pay in 2021 came to $21.1 million.
No other exec listed in the filing took home more than $2.8 million in 2022. The company’s stock, which managed to be one of the few in the media sector to gain ground in a grueling 2022, has gone up about 15% over the past two years.
At $173.45 as of Friday’s close, it has risen more than tenfold since the company’s IPO back in 2003. Sook founded the company in 1996 with one TV station in Scranton, PA.
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