How does this affect you Mr Bean??
LINKIEQuote:
CBS, Warner to form new network
NEW YORK (Reuters) - CBS Corp (NYSE:CBSA - news) and Time Warner Inc.'s (NYSE:TWX - news) Warner Brothers television network on Tuesday said they will close their respective UPN and WB networks and jointly launch the CW network. The network will be a 50-50 joint venture between the two companies.