MEMBERS
Recent
Categories
Tags
Users
Badges
View Replies (2)

CW to have a new owner

0
Votes
Undo
  1. RobertAnthony
    RobertAnthony
  2. Motivator Love Fool Sherlock Holmes
    The Voice Notable Answerer Well-Known Questionnaire
  3. Off Topic
  4. Thursday, 30 June 2022
Many news outlets, including The Wrap, indicate that the CW Network is about to be sold. Warner Bros. Discovery and Paramount Global are on the verge of selling the majority stake in the flailing network. The new owner...NEXSTAR.

Nexstar is nearing a deal to acquire 75% of The CW, with parent companies Paramount Global and Warner Bros. Discovery each retaining 12.5% ownership stakes, according to The Wall Street Journal.


Nexstar happens to own some CW stations...notably KTLA in Los Angeles and WPIX in New York. In essence this deal would make the two stations the flagship stations of the CW. Not that it would mean much because....

Nexstar is expected to assume a majority of The CW’s current losses, which could amount to more than $100 million, per the outlet.
.
Responses (2)
markhb
markhb
Accepted Answer Pending Moderation
0
Votes
Undo
I think the "niche fandom" era of The CW will be over. As the article states, Nexstar is a major affiliate owner, which implies to me that they're going to be focusing on making the actual broadcast operation profitable. WB and CBS didn't care about that so much; they used the network as a showcase for various shows they could peddle to overseas buyers. But reorienting towards people who actually watch the broadcast channels (i.e., olds like me) means they're going to have to pivot towards much more broad-based programming, rather than shows that only get 300,000 viewers.
  1. 4 weeks ago
  2. Off Topic
  3. # 1
Romulus
Romulus
Motivator Love Fool Vanity Monster
Sherlock Holmes The Voice Attention! Notable Answerer Well-Known Questionnaire
Accepted Answer Pending Moderation
0
Votes
Undo
If this deal comes to pass, I wish them well as they will likely need it to navigate the choppy waters of niche fandoms, shifting viewing habits / media consumption, and a rapidly changing demographic landscape.
"Ain't No Easy Way" - Train, from the CD/LP/Download, AM Gold. (2022)

"Closer" - The FIXX, from the CD/LP/Download, Every Five Seconds. (2022)

"Days Ahead" and "Lidar" - Bruce Hornsby, from the CD/LP/Download, 'Flicted. (2022)
  1. more than a month ago
  2. Off Topic
  3. # 2
  • Page :
  • 1


There are no replies made for this post yet.
Be one of the first to reply to this post!