75% controlling stake in the network. The change of hands has led to several major shifts at The CW, including layoffs of longtime employees. “Our acquisition of The CW is strategically and operationally compelling, as it will enable us to leverage our operational experience to improve the network’s performance through our management of this powerful national platform,” Nextstar Chairman and CEO Perry Sook said in a statement at the time. “We plan to apply the same strict financial standards to operating The CW as we apply to our other businesses.”More to come….
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