Local TV Giant Nexstar Seals Deal to Buy 75 Percent Stake in The CW, Reshaping Broadcast Landscape

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 percent stake to the local broadcast giant Nexstar. Paramount and Warner Bros. Discovery will each retain a 12.5 percent stake in the venture. The […]

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