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The CW’s Future Under Nexstar: Focus on Affiliates, Profits and Cheaper Originals - Hollywood Reporter
Oct 04, 2022 1 min, 38 secs
The station group, which officially took over the younger-skewing broadcast network Oct.

The changes arrive as Nexstar CEO Perry Sook and newly installed CW president Dennis Miller (no, not that one) plan to make the network profitable by 2025 with programming that targets a broad audience of adults 18-49.

(The CW’s median age on its linear network is 58, but the age of its digital audience is late 20s to early 30s.) Sources say Nexstar plans to focus on The CW’s linear schedule and become more affiliate-friendly.

All three shows were among the few series to earn early renewals in March, ahead of The CW’s May cancellation spree that left it with 11 scripted originals — the same tally Pedowitz inherited when he took over the network in 2011.

Multiple sources say Pedowitz planned to stay on atop The CW, but talks with Nexstar leadership went south over what some suggest were issues with his reporting structure and the direction they planned to take the network.

Pedowitz was forced to cancel 10 scripted originals in May, the most in a decade since he took over the network, due to Nexstar-related issues as well as dwindling budgets from Warner Bros.

In a filing with the Securities and Exchange Commission on Tuesday, Nexstar noted that as the deal closed, it “provides that WBD and Paramount will continue to produce 12 original, scripted series for the network primarily to air during 2022 / 2023 broadcast season.

Sources balked at the idea that Nexstar would succeed in reducing licensing fees that are already low by broadcast standards

Berlanti, who exec produces seven shows on The CW, is among those who have been waiting patiently to hear from Nexstar about its plans for the network he helped transform with his slate of DC Comics shows

The former Nexstar board member ran the TV group at Lionsgate for three years in the late ’90s and consulted with Pop when the cable network was briefly owned by the studio

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