Great News! If you were worried about Jane the Virgin or Reign not being renewed this year, quit worrying because they will live to see another season.
Jane the Virgin is the 2nd worst show (rating-wise) on CW, but since it is critically acclaimed and got 2 Golden Globe nominations for Best Actress and Best Comedy how could it not come back, the first time ever for the CW.
Reign is the worst show on CW, but it is one of the few that is owned by CBS (the C in the CW). Maybe this is why it was renewed for another year.
It doesn't matter to me, I'm just glad they are coming back.