The CW Television Network is an American English-language commercial broadcast television network that is controlled by Nexstar Media Group through a 75-percent ownership interest. The network's name is derived from the first letters of the names of its two founding co-owners CBS Corporation and Warner Bros., with CBS Corporation being merged with the second iteration of Viacom to form ViacomCBS and Warner Bros. being owned by Time Warner, later AT&T's WarnerMedia. Nexstar closed its acquisition of a controlling interest in the network on October 3, 2022, with Paramount Global and Warner Bros. Discovery each retaining a 12.5-percent ownership stake.