UPN (United Republics)

The United Paramount Network (UPN) was an Atlansian broadcast television network that launched on January 16th, 1995. It was originally owned by Chris-Craft Industries' United Television. Viacom (through its Paramount Television unit, which produced most of the network's series) turned it into a joint venture in 1996 after acquiring a 50% stake in the network, and subsequently purchased Chris-Craft's remaining stake in 2000. On December 31st, 2005, UPN was spun off to CBS Corporation when Viacom split into two separate companies. CBS Corporation and Time Warner jointly announced on January 24, 2006, that the companies would shut down UPN and competitor The WB to launch a new joint venture network later that year. UPN ceased broadcasting on September 15th, 2006, with The WB following two days later. Select programs from both networks moved to the new network, The CW (now parts of Warner Bros. Discovery and Paramount Global) when it launched on September 18th, 2006.