Nexstar Reportedly Set to Buy Majority Share in The CW for No Upfront Cost

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.