Acquiring Company
Nexstar Media Group
Acquired Company
The CW Network
IrvingBurbankMedia And EntertainmentInternetPublishingNewsDigital MediaBroadcastingMedia ProductionBroadcastingDescription
Nexstar Media Group, Inc. (NASDAQ: NXST, “Nexstar”) announced today that it has closed its previously announced acquisition of a 75% ownership interest in The CW Network, LLC (“The CW” or the “Company”) from co-owners Warner Bros. Discovery (Nasdaq: WBD) and Paramount Global (Nasdaq: PARA, PARAA), who will each retain a 12.5% ownership interest in The CW. Nexstar also announced that Dennis Miller has been named President of The CW, effective immediately. Mr. Miller has served as a member of Nexstar’s Board of Directors since 2014 and has stepped down from the Board in connection with his appointment. Nexstar has initiated a search for a new member of its Board of Directors.
Quick answer
Nexstar Media Group is acquiring The CW Network, announced October 3, 2022. Nexstar Media Group is based in Irving, Texas, United States.
- How much did Nexstar Media Group pay for The CW Network?
- The deal value was not disclosed.
- What does Nexstar Media Group do?
- Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile..
- Where are Nexstar Media Group and The CW Network based?
- Nexstar Media Group is based in Irving, Texas, United States. The CW Network is based in Burbank, California, United States.
- Who are the decision-makers at Nexstar Media Group?
- Fundz holds 4 contacts at Nexstar Media Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Nexstar Media Group, and when
When Nexstar Media Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Nexstar Media Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Nexstar Media Group, from your own LinkedIn network
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Related People
Frequently asked
Who acquired The CW Network?
The CW Network was acquired by Nexstar Media Group, based in Irving. The deal was reported on October 3, 2022. Nexstar Media Group, Inc. Nexstar Media Group is publicly traded (NXST) and operates in Media And Entertainment.
When did Nexstar Media Group acquire The CW Network?
Nexstar Media Group's acquisition of The CW Network was reported on October 3, 2022. Nexstar Media Group, Inc. (NASDAQ: NXST, “Nexstar”) announced today that it has closed its previously announced acquisition of a 75% ownership interest in The CW Network, LLC (“The CW” or the “Company”) from co-owners Warner Bros. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does The CW Network do?
The CW is America’s fifth major broadcast network and reaches 100% of US television households. It is privately held, operating in Broadcasting, and is based in Burbank.
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