As expected, the nation’s biggest broadcast television station owner has completed its acquisition of a majority interest in the television network that counts among its over-the-air distribution points KTLA-5 in Los Angeles.
With the transaction’s closing a new President of The CW Network has been named by Nexstar Media Group.
The surprise? He’s assuming the duties of its Chairman/CEO, who was originally slated to stay on but is now exiting.
Editor’s Note: An earlier version of this story incorrectly referred to WGN-9 in Chicago as an affiliate of The CW Network. The affiliation agreement with The CW is presently with Weigel Broadcasting’s WCIU-26 in Chicago. We regret the error.