 Chris-Craft's television stations were sold to Fox Television Stations (a subsidiary of News Corporation) on August 12, 2000, which was finalized July 31, 2001.KTVX and KMOL (now WOAI-TV) in San Antonio were subsequently traded to Clear Channel Communications (now iHeartMedia) in exchange for WFTC (see below).Since Fox already owned KSTU (channel 13), it was forced to sell KTVX due to Federal Communications Commission (FCC) regulations prohibiting one company from owning two of the four highest-rated stations in a single market, as well as the fact that the station was in the middle of a long-term affiliation contract with ABC.