TVX, badly overleveraged from their purchase of WCIX and several other stations, was pressured to sell the station by creditor Salomon Brothers (which held 60 percent ownership in TVX), and whom CBS began talks with about a purchase.
Due to heavy debt stemming from acquiring WCIX and several other stations, TVX was compelled to sell the station by its creditors, Salomon Brothers, who owned 60% of the company.  CBS began negotiations with them regarding a potential acquisition.