The CW is an American English-language commercial broadcast television network that is controlled, through The CW Network, LLC, by Nexstar Media Group, with a 75% ownership interest in the network. The network's name is an abbreviation derived from the first letters of the names of its two parent corporations at the time of its founding: "C" for CBS Entertainment Group and "W" for Warner Bros. Entertainment. Nexstar completed its acquisition of a controlling interest on October 3, 2022, with CBS Corporation successor Paramount Global and Warner Bros. Discovery each retaining a 12.5% ownership stake in The CW Network, LLC.