Nexstar to Cut 2 Percent of Workforce

Image from The Hollywood Reporter

• 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.