 On July 17, 1996, News Corporation announced that it would acquire New World outright in an all-stock transaction worth $2.48 billion, making the latter company's ten Fox affiliates owned-and-operated stations of the network; the deal was completed on January 22, 1997.Today, six of the New World stations that switched to Fox (KDFW, WAGA, WJBK, KSAZ-TV, WTVT and KTBC) are owned by Fox Corporation – a company created from the acquisition of the since-renamed 20th Century Fox and select other assets owned by 21st Century Fox by The Walt Disney Company (the parent of ABC, which could not legally acquire the Fox network and the television stations group due to the FCC's "dual network" rule that bars common ownership of two of the four major broadcast television networks); 21st Century Fox itself was created from the 2013 split of News Corporation, and the company spun off its U.S. broadcasting businesses prior to the closure of the Disney merger.Fox Television Stations, the division of Fox Corporation that controls the stations, announced on June 13, 2007 – while under News Corporation ownership – its intent to sell nine of its stations, six of which were formerly owned by New World (WJW, KTVI, WDAF-TV, WITI-TV, WBRC and WGHP; Fox also announced it would sell WHBQ-TV, KDVR [channel 31] in Denver and its Fort Collins satellite KFCT [channel 22], and KSTU [channel 13] in Salt Lake City).