A sale of The CW is being explored

The Wall Street Journal

ViacomCBS and WarnerMedia are exploring a sale of The CW network, which has catered to teens and young adults since it was launched from the merger of The WB and UPN in 2006, reports The Wall Street Journal. Among the suitors is Nexstar Media Group, the nation’s biggest broadcaster and a large owner of affiliates of the network. The Journal says the "most prevalent scenario is Nexstar’s taking a controlling stake in the CW, with CBS and WarnerMedia remaining as minority owners and receiving commitments to be the primary program suppliers for the network."