A press release announcing Nexstar’s acquisition of The CW contained no details about how the network’s existing programming will be affected.
“We plan to apply the same strict financial standards to operating The CW as we apply to our other businesses.”
Nexstar is the largest local-television broadcasting company in the United States, with 37 CW and CW Plus affiliates among its properties.
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 for The CW.