Nexstar Media Closes Acquisition of The CW Network
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.
- 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.
- Nexstar also announced that Dennis Miller has been named President of The CW, effective immediately.
- Mr. Pedowitz will provide support to The CW, Nexstar, and Mr. Miller in a streamlined transition.
- His understanding and ability to unlock value from media assets by delivering high-quality, profitable entertainment, will serve the network, its viewers, its partners and CW affiliates around the country extremely well.