Since the beginning of 2022 there have been many reports that Warner Bros. Discovery and Paramount have been looking to sell off network The CW. With a whole spate of recent cancellations across the network, many have been wondering exactly what is happening with The CW and exactly where it leaves some fan-favorite shows in the future. Now it seems that Nexstar Media Group Inc are “very close” to agreeing a deal that would see them become 75% shareholders of The CW, with both of its parent companied holding on to a 12.5% stake each. The deal would reportedly see Nexstar pay nothing upfront for the network shares, instead taking on a large chunk of the $100 million plus losses currently being recorded with the network.