The CW Plus

Nexstar Media Group to Acquire The CW Network

Retrieved on: 
Monday, August 15, 2022
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Nexstar Media Group, Inc. (Nasdaq: NXST) (Nexstar) (the Company) announced today that it entered into a definitive agreement to acquire a 75 percent ownership interest in The CW Network, LLC (The CW or the Network).

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) (Nexstar) (the Company) announced today that it entered into a definitive agreement to acquire a 75 percent ownership interest in The CW Network, LLC (The CW or the Network).
  • Nexstar, together with its partner stations, is the nations largest local television broadcasting company and the largest CW affiliate group with 37 CW and CW Plus affiliates, including affiliates in five of the top ten DMAs, accounting for 32 percent of the Networks national reach.
  • Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content, including 290,000 hours of original video content each year.
  • Nexstar owns Americas largest local broadcasting group comprised of top network affiliates, with 200 owned or partner stations in 116 U.S. markets reaching 212 million people.