The WB And UPN Lose Their Letters, Become CW

And then there were 5. Les Moonves, the chairman of CBS Corp (CBS), made a statement today announcing the creation of a new broadcast television network and a new business venture. Warner Brothers and CBS will combine the WB and UPN, replacing it with something called CW in the fall of this year. It will contain a mix of programming from the old networks, and launch a 50/50 joint venture for the companies involved. Says Moonves, "This new network will serve the public with high-quality programming and maintain our ongoing commitment to our diverse audience." It is not known, as of yet, what it means as far as local onwership to television stations. - CW Network To Replace WB, UPN (CNN/Money) - Enter 'The CW' - Ailing WB, UPN Networks Merging (New York Daily News) - WB Net, UPN To Join Forces As One Network (Hollywood Reporter) - CBS Corporation and Warner Bros. Entertainment Form New 5th Broadcast Network (Press Release)