Nexstar Media Group is crossing the finish line in its deal for The CW.
On Monday, Nexstar officially entered into a definitive agreement to acquire majority control of The CW, giving the company a 75% ownership interest in the broadcaster. Current partners, Paramount Global and Warner Bros. Discovery, each take 12.5% in The CW and will continue to produce original scripted content for the network.
Nexstar and its partner stations comprise the nation’s largest local television broadcasting company and the largest CW affiliate group with 37 CW and CW Plus affiliates.