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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Nexstar Focused On The CW “Ratings, Revenue, And Profitability” As Network’s New Owner Posts Q3 Numbers

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deadline.com
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Nexstar grew revenue 9.7% for the September quarter to $1.29 billion for the three months ended in September, as the new CW owner cited growth in political advertising, distribution and digital revenue.

Sales were shy of forecasts but profit was a beat, jumping to $287 million, or $7.30 a share, from $169 million, or $3.90. The stock was up 3.8% before the open.

The big broadcaster closed its purchase of the CW Network on Sept. 30, the last day of the third quarter. It acquired a 75% stake from former co-owners Warner Bros.

Discovery and Paramount Global (which each retained 12.5%). Former Pop TV chief Brad Schwartz was named chief of CW Entertainment early last week.

Read more on deadline.com
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