Complex sentence: On January 24,2006, UPN and The WB announced the two networks would cease broadcasting and merge, forming a new network called The CW; on February 22, News Corporation announced it would start up another network called MyNetworkTV.
Split into simpler sentences: On January 24,2006, UPN and The WB announced the two networks would cease broadcasting and merge. On February 22, News Corporation announced it would start up another network called MyNetworkTV.