 In August 2015, the liquidating trust for Pappas announced that it was soliciting bids for a bankruptcy auction of the company's Nebraska stations, which took place October 27, 2015.Of the four companies that participated in the auction, Sinclair Broadcast Group emerged as the winning bidder; on November 4, 2015, the company announced that it had agreed to acquire KFXL-TV, KHGI-TV, and KWNB-TV for $31.25 million.The sale was completed on May 1, 2016.