Carter Named Pres./COO At Nexstar
• Nexstar Media Group, Inc. announced that Thomas E. Carter has been promoted to President and Chief Operating Officer, effective October 1. Carter has also inked a new employment agreement that extends through December 31, 2023 and will retain his current responsibilities as CFO for the foreseeable future. Carter joined Nexstar as CFO in August 2009 and has played a major role in the execution of the Company’s growth plan through the successful completion and integration of accretive acquisitions, including Tribune Media Company and Media General.
Perry A. Sook, Chairman, President and CEO of Nexstar Media Group, Inc. commented, “Tom has been a trusted partner during his time at Nexstar and has been instrumental in driving the Company’s operating and financial growth and the ongoing execution of our strategic initiatives to enhance shareholder value.” He added, “Along with our Company’s Board of Directors, I’m exceedingly confident that Tom will build on his 11 years of experience and success at Nexstar as he works with me to further grow our business and ensure that Nexstar creates new opportunities and value based on our ranking as the nation’s leading, diversified local media and content company. Our entire team congratulates Tom on this well-deserved promotion, and I look forward to continuing our close collaboration in the years to come.”
Carter commented, “I’m extremely proud of the work and progress of the Nexstar Nation and grateful for the trust that Perry and the Board have placed in me as I assume these new roles at Nexstar. Working alongside Perry and the entire management team for the past 11 years has been a wonderful opportunity and we’ve collectively created a company of unmatched scale and unparalleled financial performance. In the last month alone, we’ve taken several actions from a capital structure and operating perspective to de-lever and create new growth opportunities. The future for Nexstar is very bright and I look forward to collaborating with the rest of the Company’s executive team in our ongoing efforts to leverage Nexstar’s position as the nation’s leading local media company to create new value for shareholders.”
Nexstar owns, operates, programs or provides sales and other services to 197 television stations and has one radio property, WGN-AM/Chicago.
