Warner and Viacom Study Selling CW Channels in the United States

Warner and Viacom Study Selling CW Channels in the United States

a WarnerMedia It is on vicomcbs, group companies AT&Tare considering selling a significant part or even the whole of the shares, CW Network, official broadcaster of the series arrowverso, riverdale and other productions aimed at teenagers and young adults in the United States. according to sources wall street journal, is a strong candidate nexstar media group, Others are interesting, but the conversation with them will be more advanced.

According to the WSJ, the most likely scenario is that Nexstar takes control of the channel, so that WarnerMedia and ViacomCBS remain minority shareholders.

The two companies have been studying the possibility of selling CW for a few months now, as the broadcaster itself has not been profitable. However, the content it produces is considered a valuable asset to other platforms, as proven by the sale of distribution rights to companies. Netflix,

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About the author: Will Smith

Will covers public and private tech markets from New York. He was previously a Knight-Bagehot Fellow in Economics and Business Journalism at Columbia University, and prior to that was a reporter at the Los Angeles Business Journal. He has received a Journalist of the Year award from the L.A. Press Club and an investigative reporting award from the Society of American Business Editors and Writers.

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