Tag: NEXTAR

What does CW’s sale to Nexstar mean for Superman and Lewis?

admin

On Monday, news broke that Nexstar, the largest owner of local television stations in the United States, will acquire 75% of The CW’s shares after six months of negotiations. Finalization of the deal, which will see the current co-owners of Paramount and Warner Bros., is expected to be completed. Discover at 12.5 percent each, in the third quarter of 2022. As part of the announcement, it was noted that CW will be profitable by 2025 with new solutions. programming strategies, although Paramount and Warner Bros. Discovery will continue to produce…

Read More

CW gets a new owner

admin

The CW Television Network is about to have a new parent company. News broke on Monday that Nexstar, the largest owner of local television stations in the United States, will take a 75% stake in the network after six months of negotiations. Paramount and Warner Bros. will retain both. Discovery, the company’s current co-owners, holds a 12.5% ​​stake in the channel, and Nexstar will continue to order original programming from the company’s two television divisions, as well as elsewhere. The CW’s current CEO, Mark Bedowitz, will remain in that position…

Read More