 In October 2012, KNWA/KFTA relocated its operations into its current facility at the Underwood Building on West Dickson Street, occupying approximately of studio space on the third floor of the building.On December 3, 2018, Nexstar announced it would acquire Chicago-based Tribune Media—which has owned CBS affiliate KFSM-TV and MyNetworkTV affiliate KXNW (channel 34) since December 2013—in an all-cash deal valued at $6.4 billion, including the assumption of Tribune-held outstanding debt.Because KNWA and KFSM both rank among the four highest-rated stations in the Fort Smith–Fayetteville market in total day viewership, and broadcasters are not currently allowed to legally own more than two full-power television stations in a single market, Nexstar may be required to sell either KNWA/KFTA or KFSM/KXNW to another broadcasting company in order to comply with FCC ownership rules and alleviate potential antitrust issues preceding approval of the acquisition.