 The day prior to that deal, SCI purchased WTVT in Tampa, Florida, from Gillett Holdings in a separate agreement for $163 million.New World expanded its broadcasting holdings in May 1994, when it bought four stations owned by Argyle Television Holdings (which Argyle had acquired from the Times Mirror Company the year prior) in a $717 million purchase option-structured deal, followed three weeks later by the purchase of four stations owned by Great American Communications (which, several months later, would be renamed Citicasters upon the completion of its corporate restructuring) for $350 million in cash and $10 million in share warrants.Fox's partial equity acquisition of New World Communications also included a multi-year agreement, under which it would affiliate most of the television stations that the company had owned outright or was in the process of acquiring from Argyle and Great American with the network, once individual affiliation contracts with each of the stations' existing network partners expired.