In The Know

Wednesday, January 25, 2006

WB and UPN will cease due to formation of new network

As reported on the Black Talent News website:

CBS Corporation and Warner Bros. Entertainment today announced the formation of The CW Television Network, a new 5th broadcast network. Both CBS and Warner Bros. will hold 50% interest in the new network which has already secured 10-year affiliation agreements with Tribune Broadcasting and CBS Corporation stations, covering 48% of the country. The network, combined to utilize the best programming from CBS and Warner Bros., will be run by Dawn Ostroff who will assume the title, President of Entertainment. As a result of this new partnership, the WB and UPN will cease operations in September 2006. Time Warner and Tribune have been partners in the WB, while CBS owns UPN.

Click Here to read entire article.

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