Overview

• More than two dozen employees at The CW have been laid off, primarily affecting the scripted programming and publicity divisions.
• The layoffs coincide with a leadership transition, as Brad Schwartz takes over as president from Dennis Miller.
• Nexstar aims to make the network profitable by 2025 by reducing high-end scripted content in favor of sports and unscripted programming.
• The recent financial report shows Nexstar has reduced The CW's operating losses by $119 million year-to-date.
• The network has introduced NASCAR and WWE programming, resulting in increased viewership among key demographics.