UPN/WB Merger: The Big Loser Is Rupert Murdoch

In a New York Times story on the merger, it mentions that the one station group left out in the cold after this merger is the one owned by News Corp. Probably none of them will become part of the new CW network. That means the stations owned by Murdoch just plummeted in value. (The individual TV stations often make more money overall for corporations than the actual "network" itself.) Oh, and I liked Les Moonves' joke about the name. "We couldn't call it The WC for obvious reasons."