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WarnerMedia and Viacom CBS looking to sell The CW

AT&T Inc.’s WarnerMedia and ViacomCBS Inc. are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, according to people familiar with the matter.

Among the suitors is Nexstar Media Group Inc.,the nation’s biggest broadcaster and a large owner of affiliates of the network, the people close to the talks said. The CW Network caters primarily to teens and young adults.

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