left-caret
news

News

Paramount Global and Warner Bros. Discovery to Sell Majority Stake in The CW Network

August 15, 2022

Century City – Paul Hastings LLP, a leading global law firm, advised Paramount Global, Warner Bros. Discovery, and The CW Network in a definitive agreement for Nexstar Media Group to acquire a 75% ownership interest in The CW Network, LLC. Warner Bros. Discovery and Paramount Global each will retain a 12.5% ownership interest in The CW and will continue to produce original scripted content for the network.

The Paul Hastings team was led by Entertainment and Media M&A partner Sean Monroe and associate Stuart Downey; and included partners David Hernand (M&A), Douglas Schaaf (Tax), and Stephen Harris (ERISA); of counsels  Amy Lawrence (Tax) and Ron Ben-Yehuda (IP); and associates Muaaz Maksud and Cole Rushworth.

For the official deal announcement, please click here.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Submission Requests
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum
Paris
Katy Foster

Get In Touch With Us

Contact Us