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 high-ranking politicians so that it could secure contracts for large government projects over its competitors. Hanbo went bankrupt in the 1997 after defaulting on debt payments along with other governance issues. Numerous chaebol companies had similar private agreements with the government in this fashion. It would be most common in companies dealing with heavy industries or projects that involved government procurement and urban planning. In the past, most successful political elections were won with the support of the chaebol. Each time a new administration or regime stepped in, it would gear its policy platform towards chaebol revitalization. This was under