^Sources vary as to the exact composition of The WB's ownership. According to at least one source, as of 2001, the ownership was split among Time Warner (64%), Tribune Company (25%), and Jamie Kellner's firm ACME Communications (11%). Published reports in early 2006, dealing with the launch of The CW, suggested Tribune was at the time the only minority shareholder, with just 22.5% (giving Time Warner 77.5%), which it would be relinquishing in order to avoid shutdown costs for The WB [1].