Valleywood adds another network

The CW television network, which launches this fall, will call Burbank home. Created by a merger of CBS-owned UPN and Time-Warner’s WB, the new network will be based in the Pinnacle tower under construction at Olive Avenue and the 134 Freeway. CW joins ABC, CBS, NBC, Universal, Warner Bros., Disney, Bravo, DreamWorks, the Emmy-giving Academy of Television Arts and Sciences and the film-ratings board of the Motion Picture Association of America in the ranks of major Valleywood facilities. Of course, there’s also a rich Valleywood history dating back a hundred years.