 Because of FCC rules that bar same-market ownership of two of the four highest-rated stations by one company, Fox exempted WHBQ from the Local TV sale as that group already owned Memphis' CBS affiliate, WREG-TV; Fox Television Stations took WHBQ off the sale block on January 16, 2009, retaining it as a Fox O&O.As part of its June 24, 2014, acquisition of KTVU and sister independent station KICU-TV (channel 36) from Cox Media Group, Fox announced that it would trade WHBQ and WFXT to Cox in exchange for the San Francisco duopoly; the deal was finalized on October 8, 2014.On January 6, 2009, Local TV announced that it would trade WBRC to Raycom Media, in exchange for CBS affiliate WTVR-TV in Richmond, Virginia.