The CW

The CW Network, LLC (commonly referred to as the CW or simply CW) is an American commercial broadcast television network which is owned by Nexstar Media Group. The network's name is derived from the first letters of the names of its two founding co-owners CBS Corporation and Warner Bros. Nexstar acquired a 75% controlling stake in the network on October 3, 2022, with Paramount Skydance and Warner Bros. Discovery (CBS Corporation and Warner Bros.'s respective successor companies) each retaining a 12.5% ownership stake.