ViacomCBS and WarnerMedia reportedly exploring sale of the CW

WarnerMedia and ViacomCBS are exploring the possible sale of a significant stake or all of the CW Network, which they jointly own, according to a report late Wednesday.

Irving, Texas-based Nexstar Media Group, which is the nation’s largest owner of TV stations and owner of affiliate stations of the CW in major markets such as New York, Los Angeles and Chicago, is the leading contender, the Wall Street Journal reported.

Discussions to buy the network, which is known for shows like “Riverdale,” “All American,” “The Flash” and “Supernatural,” could result in a deal “soon,” the report said. There are other suitors, but Nexstar’s talks have been described as the most advanced.

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ViacomCBS and WarnerMedia reportedly exploring sale of the CW
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