Nexstar Media Closes Acquisition of The CW Network
October 05, 2022
October 05, 2022
IRVING, Texas, Oct. 5 -- Nexstar Media Group, a television broadcasting company, issued the following news release on Oct. 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. Discovery (Nasdaq: WBD) and Paramount Global (Nasdaq: PARA, PARAA), who will each retain a 12. . . .
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. . . .