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CBS, Warner Bros. Said to Consider Online Version of CW Network

  • Expiring deals with Tribune, Netflix, Hulu create new option
  • Looming Web service could provide leverage in negotiations
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Media's Streaming Future: Over the Top to Consumers

CBS Corp. and Time Warner Inc.’s Warner Bros. have discussed creating a paid streaming service for their jointly owned CW network to generate more income from the young fans who already watch shows like “Jane the Virgin’’ online, two people with knowledge of the matter said.

The owners are weighing the move as the expiration approaches for the CW’s current agreement with station owner Tribune Media Co., as well as deals with streaming partners Netflix Inc. and Hulu LLC, said the people, who asked not to be identified because the talks are preliminary.