ACME ACME Communications, Inc.

ACME Communications, Inc. owns and operates nine broadcast television stations in medium-sized markets across the United States. Eight of these television stations are network affiliates of The WB Television Network and one station is a network affiliate of United Paramount Network (UPN). These nine stations broadcast in markets that cover, in the aggregate, approximately 3.7% of the total United States television households. In August 2005, ACME Communications, Inc. entered into an agreement to sell its Salt Lake City station, KUWB, to subsidiaries of Clear Channel Communications, Inc. (the Clear Channel Transaction). The Clear Channel Transaction was completed on April 4, 2006. On January 24, 2006, CBS Corporation and Warner Bros. Entertainment jointly announced that, effective September 2006, they would cease operations of their respective networks, UPN and The WB Network, and create a new network, The CW, which will be jointly owned between the two companies.