 On February 7, 2007, CBS Corporation sold seven of its smaller-market O&O stations, including KUTV and KUSG (now KMYU), to private equity firm Cerberus Capital Management for $185 million.Cerberus then formed a new holding company for the stations, Four Points Media Group, which took over their operations under local marketing agreements in late June 2007.The Federal Communications Commission approved the sale in mid-November 2007, and the deal was finalized on January 10, 2008.