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# The CW is becoming Nexstar’s affiliate insurance policy
- URL: https://www.medianexis.com/the-cw-is-becoming-nexstars-affiliate-insurance-policy/
- Published: 2026-09-25T22:02:58.000Z
- Updated: 2026-09-25T22:02:59.000Z
- Description: TVREV’s Tim Hanlon reports that Nexstar has pushed its CW ownership stake past 81 percent and swapped CBS affiliations for CW ones in four markets, while citing the network’s contribution to distribution revenue growth in SEC filings.
- Author: The Signals Desk
- Tags: Streaming, Tim Hanlon, TVREV: CW's role inside Nexstar strategy

**Why it matters.** CBS, NBC, ABC and Fox now negotiate affiliate renewals against a station owner that can credibly swap them out for its own network.

*Signal from* [*TVREV*](https://tvrev.com/?ref=medianexis.com) *·* [*Tim Hanlon*](https://www.medianexis.com/tag/by-tim-hanlon/) *·* [*read the original*](https://www.tvrev.com/news/the-cws-strange-next-act-is-starting-to-make-sense?ref=medianexis.com)*.*