The CW Network Renews and Extends Multi-Year Agreement With Youtube TV for Carriage of Its CW Affiliated Stations Across the Country

Rhea-AI Summary

The CW Network has signed a multi-year agreement with YouTube TV to continue broadcasting its CW-affiliated television stations nationwide. While financial terms remain undisclosed, this partnership is set to enhance The CW's content offerings, which will include new sports programming and prime-time shows starting this Fall. President Dennis Miller expressed optimism about expanding their audience through this collaboration. With 29 CW-affiliated stations, Nexstar Media Group, which owns 75% of The CW, plays a significant role in this arrangement, allowing millions of YouTube TV subscribers to enjoy popular shows and local news content.

Positive

• Continued distribution of CW's programming on YouTube TV enhances viewer accessibility.
• The agreement allows CW to introduce new sports programming, potentially attracting more subscribers.
• Nexstar's ownership of 75% positions it strongly in a key partnership with YouTube TV.

Negative

• None.

BURBANK, Calif.--(BUSINESS WIRE)-- The CW Network today announced that it has reached a comprehensive multi-year agreement with streaming platform YouTube TV to continue carrying its CW-affiliated television stations across the country. Financial terms of the agreement were not disclosed.

“We are extremely pleased to have reached agreement to continue carriage of its CW-affiliated stations on YouTube TV, especially as we move forward with our plans to transform The CW with additional sports programming and a new slate of prime-time entertainment shows this Fall,” said Dennis Miller, President of The CW Network. “YouTube TV is an important partner for our affiliates and us, and we look forward to expanding our relationship and growing our audience via this dynamic platform.

The agreement means that millions of YouTube TV subscribers will continue having access to such prime-time network programming as “All American,” as well as new sports programming like LIV Golf and “100 Days to Indy,” and the important local news and other daytime and syndicated content provided by The CW’s affiliates.

ABOUT THE CW NETWORK

The CW Network, LLC is one of America’s major broadcast networks and reaches 100% of US television markets. The CW delivers 14 hours of primetime programming per week in addition to sports and other entertainment programming, and is the exclusive broadcast home to LIV Golf. The fully ad-supported CW App, with over 90 million downloads to date, is available for free to consumers on all major platforms and is the exclusive home to the latest episodes and seasons of The CW’s primetime programming, live streaming of its sports content, and a library of entertaining film and television content for on-demand viewing. The CW is 75%-owned by Nexstar Media Group, Inc. (NASDAQ: NXST), a leading diversified media company and largest CW affiliate group with 29 CW-affiliated stations, covering 32% of the population. For more information about The CW, please visit www.cwtv.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005321/en/

CW Media Contact:

Gary Weitman

EVP & Chief Communications Officer

972/373-8800 (office)

gweitman@nexstar.tv

Investor Contact:

Joe Jaffoni or Jennifer Neuman

JCIR

212/835-8500 or nxst@jcir.com

Source: The CW Network

FAQ

What is the significance of The CW Network's agreement with YouTube TV?

The agreement ensures continued access to The CW's programming for millions of YouTube TV subscribers, enhancing content offerings including new sports programming.

When will The CW Network introduce new sports programming?

The CW Network plans to introduce new sports programming this Fall as part of its agreement with YouTube TV.

Which shows will continue to be available on YouTube TV after the agreement?

Popular shows like 'All American,' as well as new sports programming such as LIV Golf and '100 Days to Indy,' will continue to be available.

How many CW-affiliated stations does Nexstar Media Group operate?

Nexstar Media Group operates 29 CW-affiliated stations, covering 32% of the U.S. population.

What percentage of The CW Network is owned by Nexstar Media Group?

Nexstar Media Group owns 75% of The CW Network.