[W. Knight]

It's official: The deal is closed between Nexstar, WBD and Paramount, where the former will be the new boss of The CW at 75% ownership versus the latter two's 12.5% respectively.

Mark Pedowitz, the current network president, is also out, replaced by Dennis Miller.

www.nexstar.tv 

Nexstar Media Closes Acquisition of The CW Network | Nexstar Media Group, Inc.
Nexstar Media Group, Inc. announced today that it has closed its previously anno…
  Source: www.nexstar.tv

[W. Knight]

An update a month after the sale:

[*]Shows on the chopping block: DC's Stargirl and Nancy Drew are on their last seasons; The Winchesters and Walker: Independence expected to go next. (Deadline)

‘The Winchesters’ & ‘Walker: Independence’ Get No Back Orders – Deadline
Walker: Independence and The Winchesters won't get back orders, leaving ren…
  Source: deadline.com

[*]Management: Rebekah Dopp (from Google and CBS) is now responsible for the network's distribution, strategy and affiliate relations (Variety); Paul Hewitt is out as head of PR, replaced by Beth Heldman (THR); Brad Schwartz (from PopTV) is now head of CW Entertainment. (THR)

CW Names Rebekah Dopp EVP of Distribution, Strategy and Affiliate - Variety
Nexstar has made a new exec hire in its revamp of the CW network: Google's …
  Source: variety.com

Paul Hewitt Out as Head of PR at The CW as Nexstar Trims Workforce – The H…
Nexstar continues to make its mark on The CW.
  Source: www.hollywoodreporter.com

Brad Schwartz Outlines The CW’s Strategy – The Hollywood Reporter
The executive who once brought ‘Schitt’s Creek’ to Pop TV talks about the future…
  Source: www.hollywoodreporter.com

[*]Miscellaneous: Layoffs have begun (Variety); $1M/episode for drama licensing fees is rumoured (Deadline).

CW Layoffs Hit Post-Nexstar Sale (EXCLUSIVE) - Variety
Nexstar laid off between 30-40 staffers at the CW network Tuesday, marking the f…
  Source: variety.com

The CW Floats $1M An Episode License Fee For Drama Series – Deadline
Not counting the series that are officially ending this season, the oldest scrip…
  Source: deadline.com

[Medianext.MX]

More news about the acquisition: The Hollywood Reporter got access to Nexstar's Q3/2022 financial statements, in which THR mentioned this tidbit:

And sooner rather than later, the company is likely to acquire the 25 percent of The CW that WBD and Paramount are holding on to. Per its filing, Nexstar has a call option in August 2024 to acquire the remaining stake, and the sellers have an option in June 2026 to force Nexstar to acquire the remaining equity.

This means, more sooner than later, Nexstar will finally have full control of The CW. The full view:

www.hollywoodreporter.com 

The CW: Nexstar’s Next Battle to Make Numbers Work – The Hollywood Reporter
Unpacking the Paramount and Warner Bros. Discovery agreement that saw the seller…
  Source: www.hollywoodreporter.com

[Medianext.MX]

Variety is reporting The CW has picked up an unscripted limited series co-produced by Vice and Penske Entertainment (owners of the Indianapolis Motor Speedway and the IndyCar series) retelling the preparations before the Indianapolis 500. This is the first major acquisition under the new strategy led by Nexstar.

variety.com 

CW Sets Indycar Docuseries '100 Days to Indy' - Variety
The CW has picked up a documentary series about the lead up to the Indianapolis …
  Source: variety.com

[Medianext.MX]

Nexstar is making its first big moves programming-wise for The CW: Greg Berlanti's All American has been renewed for a sixth season, whilst summer mainstay Whose Line Is It Anyway? will end this year after being renewed for its 11th and final season on the network.

www.hollywoodreporter.com 

The CW Renews ‘All American’ for Season 6 – The Hollywood Reporter
The CW has renewed 'All American' for a sixth season, marking the firs…
  Source: www.hollywoodreporter.com

twitter.com 

And Sports Business Journal analyst John Ourand is hearing Nexstar is nearing a deal with LIV Golf, whilst the Cincinnati Sports Commission has announced plans for a new college football bowl game, the Cincinnati Chili Bowl, and has sought a deal with Nexstar to broadcast it there if it happens:

sportsbusinessjournal.com 

Sports Media: He’s back with another round of sports media predictions
Cord-cutting is up. Ad sales are down. And layoffs are looming. Next year is set…
  Source: www.sportsbusinessjournal.com

www.cincinnati.com 

[Medianext.MX]

LIV Golf and The CW deal almost complete. LIV Golf will produce and buy time for the events.

www.si.com 

si.com
Please enable JS and disable any ad blocker
  Source: www.si.com

[Medianext.MX]

The LIV Golf deal is done.

www.livgolf.com 

Welcome | LIV Golf
LIV Golf
  Source: www.livgolf.com

[W. Knight]

The LIV Golf deal is done.

www.livgolf.com 

And there's an interesting CW Sports symbol on Nexstar's news release as well:    

[W. Knight]

More cuts: This time the scripted programming team took a big blow.
www.hollywoodreporter.com 

The CW Let Go of Its Heads of Development and Current Departments – The Ho…
The CW's exec vp current Michael Roberts and exec vp development Gaye Hirsc…
  Source: www.hollywoodreporter.com

[W. Knight]

The LIV Golf deal is done.

www.livgolf.com 

An interesting update: Promos for LIV Golf have launched, but that is to be broadcast on WGN (a Nexstar independent), instead of WCIU (The CW affiliate owned by Weigel) in Chicago.
twitter.com