Short answers, pulled from the story.
The WB television network officially launched on the 11th of January 1995. This launch was marked by the appearance of the cartoon frog Michigan J. Frog stepping out of a Warner Bros. cartoon to open the new channel.
The WB was created through a strategic gamble by Warner Bros. Entertainment, Tribune Broadcasting, and network president Jamie Kellner. These partners aimed to establish a fifth major network during an era dominated by the Big Three and the struggling Fox.
The WB network was designed to target teenagers and young adults. This demographic had been largely ignored by traditional broadcasters who were chasing older, more lucrative audiences.
The WB network launched in 1995 as a direct response to the Federal Communications Commission's deregulation of media ownership rules in April 1993. This deregulation repealed the Financial Interest and Syndication Rules and allowed studios to own their own networks.
The Wayans Bros. aired on The WB network on its first night of programming. This sitcom starred comedians Shawn and Marlon Wayans and set the tone for a network that would eventually become synonymous with teen drama and youth culture.