Nexstar to Acquire 75 Stake in the CW Network From Paramount Global, Warner Bros. Discovery

Nexstar to Acquire 75 Stake in the CW Network From Paramount Global, Warner Bros. Discovery
Nexstar Media Group revealed Monday it is finally set acquire a 75 majority stake in the CW Network from Paramount Global and Warner Bros. Discovery, more than six months after first beginning negotiations for the deal.

Warner Bros. Discovery (formed through the recent merger of WarnerMedia with Discovery) and Paramount (rebranded from ViacomCBS earlier this year) have co-owned the network since early 2006, when the WB and Upn were merged after nearly a dozen years on the air into a single entity, so named for the “C” in CBS and “W” in Warner Bros. Both Paramount and Wbd will each retain a
See full article at Variety - TV News »

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