The CW Sale Details Reveal Network Was Basically Given Away For Free

The CW Sale Details Reveal Network Was Basically Given Away For Free

New details of the deal in which Nexstar acquired The CW reveal that the network was essentially given away for free. After reporting that the network (which took the place of The WB) hadn’t recorded a profit since it was created in 2006, its parent companies Paramount and Warner Bros. Discovery put it up for sale. In August of this year, a deal was finalized for the Texas-based media company Nexstar to take a 75% stake in The CW.

Details about Nexstar’s deal to acquire the television network, The CW, reveal that their 75% share was offered essentially for free.

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