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CBS, Time Warner Plan To Launch CW Network
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP January 24, 2006 11:29 a.m.
CBS Corp. and Time Warner Inc.'s Warner Bros. Entertainment announced plans to shut down the UPN and WB networks and form a new broadcast network, The CW, to be launched in the fall of 2006.
The companies said the new broadcasting network will be a joint venture between Warner Bros. Entertainment and CBS, with each company owning 50%.
The companies said that CBS and Warner Bros. Entertainment will cease operations of their respective UPN and WB networks. The companies said WB and UPN networks will continue to broadcast their respective network schedules independently until the fall.
The companies also announced that Tribune Broadcasting and CBS's UPN affiliates have agreed separately to sign 10-year affiliation agreements with the new network. |
| | Posted 1/24/2006 11:38 AM - 94 Views - 6 eProps - 4 comments
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