On November 20, 2013, Gray Television announced it would purchase Hoak Media and Parker Broadcasting in a $335 million deal. KFQX was to be sold to Excalibur Broadcasting, a company intended to serve as a sidecar for Gray. However, Gray and Excalibur opted to put the Grand Junction stations on the market, with the companies already running KKCO and KJCT.
On November 20, 2013, Gray Television announced its intention to acquire Hoak Media and Parker Broadcasting in a $335 million deal.  However, they later decided to sell KFQX to Excalibur Broadcasting, which was intended as a separate entity for Gray. The Grand Junction stations (KKCO and KJCT) were subsequently put on the market by Gray and Excalibur.