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Where does this leave the remaining Arrowverse shows?
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Nexstar will then have the option to extend the partnership after the 2022-2023 broadcasting period. Moreover, they will continue to develop and produce scripted content to be aired on The CW for the foreseeable future. Discovery and Paramount Global will both be retaining about 12.5% controlling share of the network. Note that this buyout of The CW is not directly connected to the recent merger of Warner Bros.
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We are profit and cash flow focused and expect this asset to achieve profitability. We view this amount as a proxy for a purchase price – or an investment made over time - rather than an ongoing drag on cash flow. We expect to invest a low 9-figure amount over this 3-year period as we implement our plan. In fact, according to SNL Kagan data, no other broadcast network operates at an ongoing loss. It’s no secret that the CW is not profitable, but this is not typical for fully-distributed broadcast or cable networks. Nexstar CFO Lee Ann Gliha reinforced that The CW was struggling with its financial returns: The CW Poised To Get New Corporate Home As Nexstar Confirms Plan For 75% Ownership Stake Mark Pedowitz To Remain CEO The programming and philosophy behind it will be geared towards its average age of its viewership demographic (which is apparently 58 years old). According to Deadline, the 75% buyout of The CW network by Nexstar will lead to a more profitable future in the long term.