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As expected, the nation's biggest broadcast television station owner has completed its acquisition of a majority interest in the television network that counts among its over-the-air distribution points KTLA-5 in Los Angeles and WGN-9 in Chicago. With the transaction's closing a new President of The CW Network has been named by Nexstar Media Group. Mark Pedowitz is exiting.
Nexstar Media Group has closed its acquisition of a majority stake in The CW Network, with Mark Pedowitz exiting the broadcaster after an 11-year run as chairman and CEO.
Pedowitz had led the broadcaster for more than a decade
Nexstar Media Group said today that it has closed its previously announced acquisition of a 75% ownership interest in The CW Network from co-owners Warner Bros. Discovery and Paramount Global, which will each retain a 12.5% ownership interest in The CW. Nexstar also announced that Dennis Miller has been named president of The CW, effective […]
Mark Pedowitz has stepped down as Chairman & CEO of The CW, effectively immediately. That's not good news for Stargirl and Babylon 5 fans.