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 chaebol had become financially independent and secure, thereby eliminating the need for further government-sponsored credit and assistance. By the 1990s, South Korea was one of the largest newly industrialized countries and boasted a standard of living comparable to industrialized countries. President Kim Young-sam began to challenge the chaebol, but it was not until the 1997 Asian financial crisis that the weaknesses of the system were widely understood. Of the 30 largest chaebol, 11 collapsed between July 1997 and June 1999. Initially, the crisis was caused by a sharp drop in the value of the currency and aside from immediate cash