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WarnerMedia and ViacomCBS exploring possible sale of CW Network

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© Reuters. FILE PHOTO: The ViacomCBS logo is displayed at the Nasdaq MarketSite to celebrate the company’s merger, in New York, U.S., December 5, 2019. REUTERS/Brendan McDermid/File Photo

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(Reuters) – AT&T Inc (NYSE:)’s WarnerMedia and ViacomCBS (NASDAQ:) Inc are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, the Wall Street Journal reported late on Wednesday.

Nexstar Media Group (NASDAQ:) Inc is among the suitors, according to the report, which cited people close to the talks.

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