Can anyone explain to me what a CW is?
"To answer all the questions, yes, it’s true, Babylon 5 is in active development as a series for the CW."
It's an American TV channel partly owned by WB and partly owned by CBS I think. Tends to cater towards teen audiences, shows are often a bit low budget. They've had the most success with adaptations of DC comics properties for series:
Arrow, The Flash, Lois and Clark and other stuff like Jane the Virgin, Supernatural, Riverdale, Sabrina reboot.
I was instantly a bit concerned, but I think JMS will have opted for this deal for a reason, probably a greater degree of control for a less glitzy budget. Jury's out until the reboot airs I guess. As long as it isn't wall to wall pleather and a sexy young cast, I am game.
JMS also confirmed that the individual who had blocked past B5 reboots / new content at WB is now gone.