Friday, April 25, 2008

Nexstar Broadcasting CEO to make $1,125,000

If he can meet goals set by his board of directors, Nexstar Broadcasting CEO Perry Sook will make $1,125,000 in 2008, according to a proxy statement filed today with the Securities and Exchange Commission.

Sook's base salary s $750,000, up from $700,000 in 2007. He can earn an additional $375,000.

Sook has a great deal if Nexstar happens to decide it no longer needs his services. According to the proxy statement, if Sook is fired, he will receive double his salary and bonus. If the parting of the ways occurs in 2008, Sook would stand to pick up $2,250,000.

Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield and is de facto owner of KODE in Joplin and KOLR in Springfield.

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