"It’s too early to speculate what might happen," CW CEO tells employees via email
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If this is the case that Nexstar is taking over CW then this means that CBS managed CW affiliates in San Francisco, Sacramento, Philadelphia, Atlanta and Seattle would either be converted into CBSN affiliates like in the case of San Francisco, Sacramento, Philadelphia and Pittsburgh. Or in the case of Atlanta and Seattle CBS can simply sell the CW affiliate to Nexstar if this is the case.
Umm interesting to see CW move to KRON4 in San Francisco and my Network move to KICU-TV a Fox managed station. KBCW can simply be a CBSN station.
Sacramento that would mean KMAX (CW affiliate managed by CBS) would lose their CW affiliation and get converted into a CBSN affiliate and move CW to KTXL 40 as a subchannel since KTXL is a Nexstar owned station.
In Seattle and Atlanta I can see CBS easily selling KSTW and WUPA the CW affiliates to Nexstar.