The CW

The CW Network, LLC, commonly referred to as the CW, is an American commercial broadcast television network that is controlled by Nexstar Media Group, which holds an 81.1% ownership interest. The network's name is derived from the first letters of the names of its two founding co-owners, CBS Corporation and Warner Bros. Entertainment, which were acquired by Paramount Global and Warner Bros. Discovery respectively. Nexstar acquired a 75% controlling stake in the network on October 3, 2022, with Paramount Global and Warner Bros. Discovery, each retaining a 12.5% ownership stake, for a combined 25% controlling stake. By June 2026, Nexstar had upped its controlling stake in the network to 81.1%, with Skydance Corporation controlling 18.9%.