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Although Tribune Broadcasting maintained an ownership stake in The WB, its stations in the three largest television markets of New York City (WPIX), Los Angeles (KTLA) and Chicago (WGN-TV) were affiliates of the network since Tribune did not have a controlling ownership interest in the network to allow its stations to be constituted as O&Os (by ...
Aug 15, 2022 · Nexstar Media Group revealed Monday it is finally set to acquire a 75% majority stake in the CW Network from Paramount Global and Warner Bros. Discovery, more than six months after first...
The WB was an American broadcast television network operated as a joint venture between the Warner Bros. Entertainment division of Time Warner (which acted as controlling partner) and the Tribune Broadcasting subsidiary of the Tribune Company.
Aug 15, 2022 · The CW is getting new ownership. The broadcast network, currently run as a joint venture between Warner Bros. Discovery ‘s Warner Bros. TV and Paramount Global’s CBS Studios, is selling a 75...
- Nexstar is set to buy 75% of The CW.
- Every DC Movie and Series Affected by the Warner Bros. Discovery Merger
By Ryan Leston
Posted: Aug 15, 2022 4:15 pm
Popular TV network The CW will soon be under new ownership.
According to Deadline, local TV giants Nexstar Media Group will acquire 75% of The CW, becoming the company’s largest shareholder. Warner Bros. Discovery and Paramount Global will continue to own 12.5% each.
“[The CW] has been home to some of the most ground-breaking and generation-defining programming in television,” said Warner Bros Television Group chief Channing Dungey. “We are forever grateful to our partners at the CW, especially Mark Pedowitz, who has been a great friend to the studio for so many years, and to me personally. We know that the network will continue to thrive under his leadership.”
Mark Pedowitz will continue as chairman and CEO of The CW while Warner Bros. will reportedly continue making scripted content for the network.
Warner Bros. Discovery has been looking to make cost-cutting measures following its high-profile merger, and the sale of The CW is sure to help balance the books. But with the studio also offloading the likes of Batgirl, it makes DC Entertainment projects seem like a tricky sell, even if WB does continue to make the shows for the network.
What happens to The CW’s WB projects now remains to be seen. But with Nexstar apparently planning to gear the network towards broadcast over streaming, this could mean some interesting changes.
Want to read more about Batgirl and the Warner Bros. Discover merger? Check out which upcoming DC projects have been affected, and why Batgirl was canceled in the first place.
Ryan Leston is an entertainment journalist and film critic for IGN. You can follow him on Twitter.
Jan 10, 2022 · But now, after nearly 16 years and a few corporate reorganizations, ViacomCBS and WarnerMedia may sell The CW, which has become a destination for young TV viewers.
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