Aug 15 (Reuters) - Nexstar Media Group said on Monday it will acquire 75% of The CW Network, home to popular shows such as "Riverdale" and "The Flash".

Warner Bros Discovery and Paramount, the current co-owners of the TV network, will each retain 12.5% of stake in CW. (Reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra Eluri)