Nexstar Announces Layoffs Impacting 2% of Workforce

The media giant cites cost-cutting measures and shifting industry dynamics as reasons for the reductions across its broadcasting and sales divisions.

Nexstar Media Group plans to cut approximately 260 positions, representing 2% of its 13,000-employee workforce.
The layoffs will primarily affect the company's broadcasting and sales divisions, with an aim to reduce operating expenses and foster collaboration.
The announcement follows recent staff reductions at The CW, which has shifted its programming focus to sports and unscripted content to curb losses.
Nexstar's third-quarter earnings report highlighted challenges including a decline in core advertising revenue and a weaker TV advertising market overall.
Despite the layoffs, Nexstar executives emphasized a focus on long-term growth opportunities and achieving financial stability in a rapidly evolving media landscape.