CBS, Warner Bros. forming new TV network - U.S. Business - MSNBC.com: "NEW YORK - CBS Corp. and Warner Bros. Entertainment Tuesday said they would form a new television network, dubbed The CW, to launch in the fall.
The new broadcast network will be a joint venture of the two companies, with each company owning 50 percent.
The two companies said they would cease operations of their existing UPN and The WB networks"
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