Local TV giant Nexstar is said to be among the suitors for the broadcast network.
the news, says that the local TV giant Nexstar is among the potential suitors. Nexstar, which owns 199 local TV stations as well as the cable channel NewsNation and, is one of the largest owners of The CW stations. It isn’t immediately clear whether ViacomCBS and WarnerMedia plan to sell the entire network, or retain minority stakes.
News of the possible sale arrives as the network — a joint venture between CBS and WarnerMedia — has never been profitable since its formation in 2006 when the two companies merged the former UPN and The WB Network. Much of the revenue that is generated from the younger-skewing network is generated from international and streaming sales for such scripted originals as
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nexstar Media Group in Negotiations to Acquire Stake in the CW NetworkNexstar Media Group is in negotations with ViacomCBS and WarnerMedia to acquire a sizable stake in the CW Network, the broadcast network born in 2006 out of the union of the WB and UPN. A represent…
Read more »
HBO Max and HBO Ended 2021 With 73.8M Global SubscribersThe WarnerMedia streamer exceeded management's forecast range with a fourth-quarter content slate including 'Succession,' 'Dune' and 'Sex and the City' sequel series 'And Just Like That.'
Read more »
'Cops are the primary threat,' warned the Proud Boys' encrypted messaging channelIn this daily series, Newsweek explores the steps that led to the January 6 Capitol Riot.
Read more »
Adele’s ’30’ Is the U.K.’s Biggest Album For 2021Adele’s “30”shifted upwards of 600,000 combined sales in the U.K. last year, including more than 502,000 “pure” sales.
Read more »