As a long-time gamer who has witnessed countless twists and turns in the gaming world, I can’t help but draw parallels to the ever-evolving landscape of entertainment, particularly with this news about The CW. It seems like Dennis Miller, much like a seasoned character in an RPG game, had reached a certain level of power and influence, only to suddenly find himself facing a new quest – one that takes him away from the frontlines.
The CW is shaking up its C-suite.
It has been announced that the president of the broadcast network owned by Nexstar, Dennis Miller, is stepping down, according to the company. Sources indicate that Brad Schwartz, currently the head of CW entertainment, will likely take over this position.
It’s unexpected that Miller will be leaving his position by the end of this month, considering he signed a long-term contract extension last year, which would have kept him with the network until 2027. However, he will continue to provide advice and guidance for the network till the end of 2024.
Miller played a significant role in The CW’s expansion into sports, starting with LIV golf last year. Since then, college football, basketball, NASCAR, and WWE NXT have also become part of their programming.
Miller stated, ‘Over the past 11 years with Nexstar, I’ve had a prime view of some truly exceptional times. It’s been a journey to steer through this period of major change for the network. Currently, The CW is experiencing some of its best ratings in years and has secured long-term deals for premium live sports. This suggests a bright future for The CW.’
Simultaneously, Schwartz has been redesigning The CW’s schedule of programs to make it more cost-effective, aiming to meet the profitability goals set by the company. In 2022, when Nexstar took over the company (effectively at a low cost), they outlined a strategy to turn a profit by 2025.
In a conversation with The Hollywood Reporter recently, Schwartz hinted at advancements towards the stated aim, but didn’t promise adherence to the 2025 deadline.
“We’ve improved our earnings by $100 million this year. I think we’ve improved our earnings by over $200 million in two years. So this team is really hitting on all cylinders,” he said. “We’ve had three consecutive quarters of ratings growth. And we’re doing it more efficiently and we’re doing it with a smaller team. And it’s kind of us against titans. We’re the underdog, and it’s all going really well. So I think if we continue on this track, and we play a little Moneyball and put really good content on the air and do it efficiently and keep growing our ratings — and now that we’ve added, you know, an incredible amount of sports, 500 hours of sports from zero — it’s all kind of pushing us in the right direction.”
It was lucky for us that Dennis decided to step down from Nexstar’s Board to take charge of The CW’s transformation,” commented Perry Sook, Nexstar’s Chairman and CEO. “Under his leadership, he appointed a new management team at The CW, which expanded the reach of its content and increased the worth of its partnerships for both Nexstar and our associates. Now that The CW is well-prepared for further growth, we’re happy to see him pursue fresh opportunities. We appreciate his advice on Nexstar’s Board and at the forefront of The CW, and we wish him all the best.
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2024-10-16 23:55