 On April 4, 2008, Equity Media Holdings announced the sale of all five of its Southwest Florida stations (including WUVF and WLZE) to Luken Communications for $8 million.Equity has cited corporate financial losses as a reason for the sale.Equity Media Holdings filed for Chapter 11 bankruptcy in December 2008; offers by Luken Communications to acquire Equity-owned stations in six markets were later withdrawn.