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Warner Brothers and CBS Corp. announced plans Tuesday for the creation of a new broadcast television network, called CW, that would replace the WB and UPN networks in the fall of this year.

 

The new broadcast network...  ...will be a joint venture between Warner Bros. and CBS, with each company owning 50 percent, officials of both companies said. (The "C" stands for CBS, the "W" is for Warner.)

Who'da thunk that?
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