The CW to Get New Owner as Nexstar Acquires 75 Percent Stake in Network

Confirming months of speculation about The CW‘s future, local-TV giant Nexstar Media Group announced Monday that it will acquire a 75 percent ownership stake in the broadcast network. The CW’s current co-owners, Warner Bros. Discovery and Paramount Global, will each retain a 12.5 percent minority stake, allowing both companies to continue producing original scripted content […]