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The CW is becoming Nexstar’s affiliate insurance policy

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.

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 · Tim Hanlon · read the original.

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