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[19] On August 17, 1995, the Tribune Company acquired a 12.5% limited partnership interest in The WB for $12 million; the deal gave Tribune an option to increase its stake in the network up to a 25% interest; [20] Tribune would eventually increase its ownership share in The WB to 22.5% on March 31, 1997. [21]
As of 2023, the company's assets are reported under three segments: Studios (which consists of the Warner Bros. film and television studios, alongside the company's consumer products, interactive entertainment, licensing and publishing divisions), Networks (which consists of the company's television portfolio including its entertainment ...
Aug 15, 2022 · Nexstar Media Group revealed Monday it is finally set to acquire a 75% majority stake in the CW Network from Paramount Global and Warner Bros. Discovery, more than six months after first...
Aug 15, 2022 · Nexstar will buy majority control of the network from Paramount and Warner Bros. Discovery, with the entertainment giants retaining 12.5 percent stakes each.
Aug 15, 2022 · The WB was owned by Warner Bros. and Tribune. The CW is owned by Warner Bros. Discovery (Warner Bros.) and Paramount Global (formerly CBS Corporation).
- Rebecca Iannucci
Popular TV network The CW will soon be under new ownership. According to Deadline, local TV giants Nexstar Media Group will acquire 75% of The CW, becoming the company’s largest shareholder.
The WB was an American broadcast television network operated as a joint venture between the Warner Bros. Entertainment division of Time Warner (which acted as controlling partner) and the Tribune Broadcasting subsidiary of the Tribune Company.
