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Nexstar extends CEO's employment agreement

Nexstar Media Group Inc.'s board extended the employment agreement of President and CEO Perry Sook through Feb. 28, 2023.

Sook has also served as chairman since he founded the company in 1996.

The extension comes as Nexstar is endeavoring to buy Tribune Media Co. in a cash transaction valued at $6.4 billion. The companies expect to close the deal late in the third quarter.