Wow, here's a bombshell. This fall, UPN and the WB will cease broadcasting and transfer their programming to a new network called the CW, jointly owned by CBS (UPN's parent company) and Warner Brothers (the WB's parent company).

Merging the two might finally create a profitable network, but it still doesn't address the fact that both networks lost viewers in the last two years, and the deal doesn't address the obvious advantage that cable channels like F/X have when it comes to airing edgier and raunchier fare.

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