The CW has laid off several employees from its publicity and program development teams. Variety has learned.
This is according to a source close to the situation Variety that just over two dozen employees have been affected by this round of cuts. The individual says the decision was made as the network focuses more on sports, unscripted content and select scripted series in its continued goal to achieve profitability under new ownership Nexstar.
Representatives for CW and Nexstar did not immediately respond to request for comment on Tuesday.
The new cuts come less than a month after the Nexstar-owned broadcast network announced that CW network president Dennis Miller was stepping down from his position after just two years in the role.
Miller has led the CW since he was appointed by Nexstar CEO Perry Sook alongside CW president of entertainment Brad Schwartz in the fall of 2022, and extended Miller’s contract as president at the CW through 2027 last August.
On October 16, it was announced that Miller would leave at the end of the year. Schwartz took over Miller’s title and responsibilities as network president when Miller moved into an advisory role beginning October 31.
Last week, Nexstar reported third-quarter 2024 earnings results, showing that the CW narrowed its losses by $36 million between July 1 and September 1. 30. However, the network’s total loss in the third quarter was not disclosed by Nexstar, which has owned the broadcaster since acquiring a majority stake from former parent companies Warner Bros. in 2022. Discovery and Paramount.
“During the quarter, we made further progress on our strategy for The CW, reducing operating losses by $36 million year-over-year and $119 million year-to-date,” Nexstar CEO Perry Sook said at the time. “We debuted NASCAR on the cable.”