The local TV giant Nexstar has signed its chairman and CEO Perry Sook to a new employment contract, one that will keep the executive at the helm of the company through March 2029.

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.

The local TV giant Nexstar has signed its chairman and CEO Perry Sook to a new employment contract, one that will keep the executive at the helm of the company thr

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