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.
TVX, heavily indebted after purchasing WCIX and other stations, faced pressure from creditor Salomon Brothers (who held 60% ownership in TVX) to sell the station. CBS initiated discussions about buying the station.