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  1. RobertAnthony
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  4. Thursday, 06 January 2022
It's being reported the CW Network may be sold. People familiar with the matter say AT&T Inc.’s WarnerMedia and ViacomCBS Inc. are exploring a possible sale of a significant stake or all of the network, which they jointly own.

Fox Business and other media report

People close to the talks said they are far along and an agreement could be reached soon, though the talks could still fall apart. There are other interested parties as well, but the discussions with Nexstar are most advanced, they said.

The most prevalent scenario is Nexstar’s taking a controlling stake in the CW, with CBS and WarnerMedia remaining as minority owners and receiving commitments to be the primary program suppliers for the network, the people said. For Nexstar, a controlling stake in the CW would represent a significant step in its content aspirations. It already has been investing heavily in a national cable news service called NewsNation.


Nexstar happens to own CW flagships WPIX New York, KTLA Los Angeles and KIAH Houston among others. By the way, Nextstar also owns CT stations WTNH channel 8 and WCTX channel 59 out of New Haven.

Why the deal?

CBS and WarnerMedia have been exploring strategic options for the CW Network for several months, some of the people involved in the talks said. The network isn’t profitable as a stand-alone broadcast entity, but the content produced for it is a valuable asset for other platforms at the parent companies.


Which leads a question, would Supergirl reruns be sent to HBO Max?
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CW sale bad news for The Arrowverse?New Hollywood Reporter
article.

https://www.hollywoodreporter.com/business/business-news/the-cw-sale-nexstar-1235073465/
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Happy New Year!

I don't know if anything will change with this deal but if any network needs a shot in the arm it's the CW. And I'm not talking about the vaccine.;)

I feel that the only two shows worth watching on the CW is Stargirl and maybe Lois and what's his name.
I recall reading that Melissa was going to get some kind of opportunity for a show.

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Interesting, but not a total surprise in 2022. Big business splitting up and forming smaller businesses and selling off assets in the process. Both WB and ViacomCBS are likely shedding some needed weight in the streaming age.
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Supergirl is a part of the Netflix deal which is why ireuns airs there but that deal wasn't renewed in 2019 so it and other Arroweverse shows may move elsewhere.Here's another article about it.

https://www.syfy.com/syfy-wire/what-the-cw-sales-means-for-the-arrowverse
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