Sinclair Broadcast Group purchased the non-licensed assets of KFXA-TV (FOX) in Cedar Rapids, Iowa for 17.1 million in cash from Second Generation of Iowa, Ltd and obtained the right to purchase the licensed assets, pending FCC approval, for 1.9 million. Sinclair also owns KGAN-TV (CBS) in Cedar Rapids.
KFXA has been providing sales and other non-programming related services to KGAN since 2002 under an outsourcing agreement. As part of the sale, KGAN will no longer get those services from KFXA, but will instead provide them to KFXA. Second Generation will continue to program KFXA and perform other functions as the licensee of the station.
