The CW Network has been put up for sale by joint owners WarnerMedia and ViacomCBS with Nextstar Media Group in advanced stages on a potential deal, multiple outlets have reported.
Nextstar, the country’s largest broadcaster and owner of many CW affiliates, is reportedly among a group of companies in pursuit of a deal.
But on Wednesday night, it was the clear leader with the most prevalent scenario having Nextstar take a controlling stake in the network.
The Wall Street Journal, which first reported the news, said the WarnerMedia and ViacomCBS were seeking to sell a significant stake or all of The CW, citing sources familiar with the matter.
The potential deal comes after The CW, in October at the beginning of the 2021-22 TV season, expanded to a seventh night of programming on Saturdays. In exchange for the new hours, The CW returned the 3-4 p.m. weekday afternoon block to its affiliate stations.
Nextstar, the country’s largest broadcaster and owner of many CW affiliates, is reportedly among a group of companies in pursuit of a deal.
But on Wednesday night, it was the clear leader with the most prevalent scenario having Nextstar take a controlling stake in the network.
The Wall Street Journal, which first reported the news, said the WarnerMedia and ViacomCBS were seeking to sell a significant stake or all of The CW, citing sources familiar with the matter.
The potential deal comes after The CW, in October at the beginning of the 2021-22 TV season, expanded to a seventh night of programming on Saturdays. In exchange for the new hours, The CW returned the 3-4 p.m. weekday afternoon block to its affiliate stations.
- 1/6/2022
- by Jeremy Bailey
- The Wrap
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