CW Parent Nexstar Parting Ways With Chief Revenue Officer Michael Strober

Core Insights - Nexstar Media Group has eliminated the position of Michael Strober, who was hired as EVP and Chief Revenue Officer in 2022, to streamline its organizational structure [1] - The company owns 75% of The CW network, with Paramount Global and Warner Bros. Discovery each retaining 12.5% after the acquisition [2] - The advertising outlook for Nexstar has become challenging, with a low single-digit decline year-over-year in Q3, influenced by the Paris Olympics and expected displacement of non-political revenue due to increased political advertising [5] Company Developments - Strober previously led the overhaul of Turner Broadcasting's ad sales division and was involved in various initiatives aimed at improving advertising experiences [3][4] - His hiring was part of a strategy to enhance Nexstar's national sales efforts and align sales strategies with the company's current operations [6]