On January 24, 2006, the Warner Bros. unit of Time Warner and CBS Corporation announced that the two companies would shut down The WB and UPN and combine the networks' respective programming to create The CW, a new "fifth" network that would combine programming from both The WB and UPN. The market's WB station, KWBP (channel 32, now KRCW-TV), was named as The CW's Portland affiliate through a 16-station group agreement with KWBP's owner, the Tribune Company. One month later on February 22, 2006, News Corporation announced the launch of a new "sixth" network called MyNetworkTV, which would be operated by Fox Television Stations and its syndication division Twentieth Television. On March 9, 2006, it was announced that KPDX would become a charter affiliate of the new network.