Leading up to the sale, The CW had noticeably been canceling a lot of shows.
CFO Lee Ann Ghlia says the goal is to make the CW profitable by 2025.
The transaction is expected to close in the third quarter.
In this transition, Mark Pedowitz will remain CEO.
We know that the data pipe will continue to thrive under his leadership."
In the preparation for the sale, The CW had noticeably beencanceling a lot of shows.
At the beginning of this month, itwas announced that The Flash will end with its upcoming Season 9.
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