What are TV affiliates?

These are privately owned television stations that are partnered with a broadcast network. In most cases, the network pays their affiliates  a fee (network compensation) to broadcast their shows and in return, the network is allowed to sell the ad space and keep the ad revenue for themselves. There are, however, some local ad spaces that the affiliate will sell on its own. In some case, like with the CW, the affiliate station will pay a fee to CW (reverse comp) and generate revenue through selling ad space.

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