A new report indicates that Nexstar Media Group Inc. It could be “close to a bargain” to seize the majority of control over fan-favorite television network The CW. news It has been reported by The Wall Street Journal On Thursday, with their reports claiming that Nexstar will take 75% ownership in the network, while its current owners – Paramount and Warner Bros. Discovery – will hold 12.5% each. If the deal goes through, which is likely to happen in the coming weeks, Nexstar will bear a “significant portion” of the network’s current losses, which could be more than $100 million.
It remains to be seen exactly how that will affect CW’s programming slate, especially since Nexstar is already the largest owner of the network’s affiliate stations. The report claims that while Nexstar will get offers from outside producers, they’re also aiming for The CW’s shift toward an older audience. However, CBS and Warner Bros. will continue. in creating content for the network, and will continue to retain content licensing revenue from pre-existing deals with streaming services and global distributors, such as CW’s pre-existing deal with Netflix. Since The CW has already set its programming schedule for the fall 2022 season, it’s safe to assume that viewers won’t immediately see changes on air if the Nexstar merger goes ahead.
As it stands, the past few months have been a period of major change for The CW, with networks canceling a number of current shows. These DC . entries included Naomi, Batuman, And the legends of tomorrow, Beside in the darkThe Vampire Diaries spin off legaciesand restart the network for charm, dynasty, 4400 And the Roswell, New Mexico.
Currently, The CW’s collection of shows for the 2022-2023 season includes the final season of RiverdaleAnd also the new seasons The Flash, Superman & Lois, All American, Nancy Drew, Stargirl, Walker, Kung Fu, And the All Americans: HomecomingAs well as the offers earned family law And the professionals. The network also has three new shows for next season – The winchesterinspired by the capital Gotham Knightsand the Walker prefix Walker: Independence. The network still has a number of shows in development as well, including Arrow spin off Justice YuInspired by Archie Comics Jake Changand new reboots of Babylon 5, Zorro, And the The Powerpuff Girls series.
What do you think of the latest update on the CW and Nexstar deal? Share your thoughts with us in the comments below!
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