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WarnerMedia/ViacomCBS Considering Sale Of CW Network

Quote:

AT&T Inc's (T.N) WarnerMedia and ViacomCBS Inc are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, the Wall Street Journal reported late on Wednesday, citing people close to the talks.

Nexstar Media Group Inc (NXST.O) is among the suitors, according to the report.

The report said 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, it added.

The details of the other parties involved and the exact time by when the deal could be reached was not known immediately, according to the report.

AT&T, ViacomCBS, CW Network, and Nexstar Media did not immediately respond to Reuters' request for comment.

The most prevalent scenario is Nexstar taking a controlling stake in CW, with CBS and WarnerMedia remaining as minority owners and receiving commitments to be the primary program suppliers for the network, the report said.

CBS and WarnerMedia have been exploring strategic options for the CW Network for several months, it added, quoting some people involved in the talks.

CW Network with Warner Bros has made popular shows including DC Comics' "Arrow" and its spinoff "The Flash". "Riverdale" is also among the highest grossing series of the network.

https://www.reuters.com/markets/deal...sj-2022-01-06/

Jeeze. Is this even possible? It seems like tantamount to selling a toe or something.

Disney is opening their wallets again.

I have a better idea than selling it:

This might be the only way for Batwoman to get cancelled :lol:

Discovery Merger: Saves the Snyderverse(?)
Selling The CW: Condemns the Arrowverse (?)

There is literally no good, functioning part of the CW Arrowverse except for maybe Superman & Lois... and even that's GUARANTEED to go forcibly woke with making Jon gay like the comics because that'll be the company line to tow, and then become about his gay dating life. Whether they like it or not.

Even Riverdale has been trash for a couple of seasons now. And I seriously want to know how you finally have a Sabrina crossover and f*** it up and waste it that badly.

Network TV has been dying for years, just pull the plug on most channels.

Quote:

Originally Posted by ZariusTwo (Post 1941767)

Nexstar take 75% ownership

https://deadline.com/2022/08/the-cw-...ar-1235092173/

"Nexstar Media Group intends to turn it into a more broad-audience and cost-conscious broadcast network."

Weird I just felt a bit nostalgic for the UPN era.

I guess I'm not sure exactly what is being bought here? All of the formerly "hot" CW shows are either already cancelled or ramping down.

Aqqisistion complete, CW chief steps down

https://deadline.com/2022/10/mark-pe...0707/#comments

Quote:

Originally Posted by ZariusTwo (Post 1945843)

Aqqisistion complete, CW chief steps down

https://deadline.com/2022/10/mark-pe...0707/#comments

I'm sure Mark is a great guy ( :roll: ) but being a big shot in media with a surname like "Pedo-witz" is a little eyebrow raising in 2022.

Quote:

Originally Posted by Andrew NDB (Post 1941769)

I guess I'm not sure exactly what is being bought here? All of the formerly "hot" CW shows are either already cancelled or ramping down.

At minimum, you have a TV network with a fairly high install base among antenna-only viewers and cable-paying customers.

Do people still watch shows on network TV?

Quote:

Originally Posted by CyberCubed (Post 1945863)

Do people still watch shows on network TV?

I honestly can't remember the last show I watched on, "live" TV with commercials. I honestly have to go back more than a decade and even then I can't remember.

The time has come...
https://www.cbr.com/cw-dc-arrowverse-over-nexstar

The time of heroes is over.

It's been over for a while now.

They should go out with a bang

Do one last huge crossover

Quote:

Originally Posted by TMNTFanatic4Life (Post 1949304)

They should go out with a bang

Do one last huge crossover

Nah. Ever since the pretty good Crisis on Earth-X they'd just gotten way worse and worse every year. It'd just be a big fat whimper.

Quote:

Originally Posted by Andrew NDB (Post 1949305)

It'd just be a big fat whimper.

https://i.imgur.com/D6udJdel.jpg