CBS and Warner Bros. will be shutting down UPN and the WB in September to start a new network called CW! Crazy Weird!! Could Work!!
Look! A press release!
CBS CORPORATION AND WARNER BROS. ENTERTAINMENT FORM NEW 5TH BROADCAST NETWORK

Each Company To Hold 50% Interest In The CW Television Network

Tribune Broadcasting and CBS Corporation Stations Agree To 10-Year Affiliation Agreements Covering 48% Of The Country

New Television Network To Utilize the Best Programming from CBS Corporation and Warner Bros.

Dawn Ostroff Is Tapped As President of Entertainment At The New Network; John Maatta Will Be Chief Operating Officer

The WB and UPN to Cease Operations in September 2006

January 24, 2006 (New York, NY) — CBS Corporation and Warner Bros. Entertainment today announced their intent to form a new 5th network, The CW, to be launched in the fall of 2006. The new broadcasting network will be a joint venture between Warner Bros. Entertainment and CBS Corporation, with each company owning 50%. In an important strategic move that secures major market distribution for The CW, it was announced that Tribune Broadcasting and the CBS Corporation's UPN affiliates have agreed separately to sign 10-year affiliation agreements with the new network.

The announcement for the new network was made today in New York by Leslie Moonves, President and Chief Executive Officer of CBS Corporation and Barry Meyer, Chairman and Chief Executive Officer of Warner Bros. Entertainment. The Tribune Broadcasting affiliation agreements were announced by Dennis FitzSimons, Chairman, President and Chief Executive Officer of Tribune Company.

At the same time, it was announced that CBS Corporation and Warner Bros. Entertainment will cease operations of their respective networks -- UPN and The WB. The WB and UPN will continue to broadcast their respective network schedules independently until the fall.

The combination of Tribune's 16 major market stations and the 12 CBS-owned UPN major market affiliates give The CW instant coverage in 48% of the country. The remainder of the network's distribution system will be a combination of selected current UPN and The WB stations. The full distribution of the new network is expected to exceed 95% of the country.

Dawn Ostroff, currently President of UPN, will become President of Entertainment and John Maatta, currently Chief Operating Officer of The WB, will become Chief Operating Officer of The CW.

"This new network will serve the public with high-quality programming and maintain our ongoing commitment to our diverse audience," said Moonves. "It will clearly be greater than the sum of its parts, delivering excellent demographics to advertisers, and building a strong new affiliate body. Additionally, The CW will be able to draw from the creative talent and production resources from the top two television production studios in the business, while also seeking programming from all sources -- independent producers or other studios. With this move, we will be creating a viable entity, one well-equipped to compete, thrive and serve all our many publics in this multi-channel media universe. I'd like to thank Dawn Ostroff and all the talented people at UPN who have worked so hard. For many years UPN had financial losses, but under CBS's guidance, UPN has been able to effect a dramatic creative turnaround in a short period of time."

http://www.aintitcool.com...i?id=22277

holy freakin blippity blip

Still waiting for News Corp. to take over the world

XxAxX said:

isnt that strange? i didnt think cbs could hold 50% in another network..but there it is.

sosgemini said:

all i can think of is remember the movie demolition man? where stallone is frozen for forty years and when he awakes the only corporation left on earth is taco bell.

and arnold was president...right?

sosgemini said:

stallone was frozen and revised to help deal with wesley snipes' character, who was causing chaos and disorder.

um.... it really has very litle to do with the thread topic. just that all the corporations on earth had merged into one - taco bell.
[Edited 1/24/06 12:45pm]

Figures, I fucking LOVE that Supernatural show, now it'll disapear. Happens everytime I like something on tv.

If they take Michaela Pereira off of the KTLA Morning News,...



...i'll sue somebody.


tA

Tribal Disorder

http://www.soundclick.com...dID=182431