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Aug 15, 2022 · Warner Bros. and CBS decided to shutter The WB and UPN and launch a new network with the highest rated programming from both network. So The CW is technically a new network that’s only 16 years...
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- 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.
May 18, 2023 · With the news that The Winchesters, Kung Fu, and Walker Independence have all been canceled, it's clear that The CW as we know it will soon be coming to an end. That's not a huge surprise seeing...
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Jan 7, 2022 · News broke Wednesday, Jan. 5, 2022 that The CW is potentially up for sale. The leading report, by The Wall Street Journal, speaks of talks the broadcast network has had for months with potential...
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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 ...
Jan 7, 2022 · WarnerMedia and ViacomCBS are looking to sell their joint TV venture The CW, which was formed in 2006 from the merger of The WB and UPN. The network was known for its teen-focused shows like Gossip Girl, Riverdale, and Arrowverse, but faced low ratings and streaming competition.
Jan 20, 2023 · Nexstar Media Group will have a 75 percent ownership stake in The CW, which launched in 2006 as a merger between the WB and UPN. The network plans to appeal to an older audience and improve its performance, but some shows were canceled in 2022.
