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.
In 2013, Gray Television agreed to purchase Hoak Media and Parker Broadcasting for $335 million.  However, they later opted to sell KFQX to Excalibur Broadcasting, a company intended as a separate entity for Gray. Instead, Gray and Excalibur put the Grand Junction stations (KKCO and KJCT) on the market.