Owned-and-operated television stations in the United States began to open up affiliation negotiations in March 2006. UPN stations that were formerly owned by Chris-Craft Industries and those that were owned by CBS Corporation at the end of the network's run were sometimes considered owned-and-operated stations of the network, and several transactions have involved these stations. Not too long after becoming a UPN owned-and-operated station itself, San Antonio station KRRT (channel 35, now KMYS) was sold to Jet Broadcasting in 1995, eventually becoming an affiliate of The WB (the station is now a CW affiliate that is operated by former owner Sinclair Broadcast Group, and owned by Sinclair
Chaebol the enhancement of management transparency, strengthening owner-manager accountability, elimination of cross-debt guarantees among chaebol affiliates, improvement of capital structures, and consolidation of core business areas. In his plans, debt to equity ratios were to be below 200%. Subsidiaries of chaebol that were debt-laden or on the verge of bankruptcy were instructed to be either liquidated, sold, or put up for merger. Each chaebol-holding group had to break up its subsidiaries and operations so that they were more manageable. By the end of 1997, each had an average of 26.8 subsidiaries. It was hoped that if there were fewer activities, the