The CW Network, a privately owned American company founded in 2006, operates a commercial broadcast television network. As of 2020, it employed approximately 340 people and generated revenue of around $500 million. Its headquarters are located in the United States.
Nexstar acquired a 75% stake in The CW Network in 2022. On Wednesday, August 23, The CW Network and the Pac-12 announced an extension of their media rights deal through the 2030-31 season, ensuring continued broadcast of Pac-12 football and basketball games on free television. This follows the Pac-12's securing of a crucial media partnership with The CW Network after significant membership losses in the previous year. Separately, WWE and The CW Network released highlights of WWE NXT on August 26. Finally, on July 24, WPIX-11, a Mission Broadcasting-owned CW Network affiliate managed by Nexstar Media Group, appointed Ben Dobson as its new News Director.
CW Network currently holds 8 broadcasting rights for sports competitions including american football, motorsports, bowls, beach volleyball, professional wrestling, bull riding and rodeo and athletics.
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