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Nexstar to Cut 2 Percent of Workforce
The Hollywood ReporterStory by Etan VlessingImage from The Hollywood Reporter
scrn loglineNexstar, owner of The CW, to slash 2% of workforce in latest media industry cost-cutting move.beat sheet- Nexstar, led by CEO Perry Sook, is streamlining its broadcasting and sales divisions to reduce operating expenses and focus on growth areas, impacting less than 260 of its 13,000 employees.
- The CW continues to lose money for Nexstar, though losses have narrowed, as the network shifts to more unscripted and sports programming, including a deal with the WWE for NXT.
Read the sourcecall sheetPerry Sook, Nexstar, The CW, ABC, CBS, NBC, Fox, Antenna TV, NewsNation, WWE, NXT - DeciderDecider4d
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Nexstar to Cut 2 Percent of Workforce
The Hollywood ReporterStory by Etan Vlessing
scrn logline
Nexstar, owner of The CW, to slash 2% of workforce in latest media industry cost-cutting move.
beat sheet
- Nexstar, led by CEO Perry Sook, is streamlining its broadcasting and sales divisions to reduce operating expenses and focus on growth areas, impacting less than 260 of its 13,000 employees.
- The CW continues to lose money for Nexstar, though losses have narrowed, as the network shifts to more unscripted and sports programming, including a deal with the WWE for NXT.
call sheet
Perry Sook, Nexstar, The CW, ABC, CBS, NBC, Fox, Antenna TV, NewsNation, WWE, NXT