On June 14, 2005, citing the company's stagnating stock price, Viacom announced that it would split its assets into two separate companies; CBS, UPN and their owned-and-operated stations, Showtime Networks and other "slow-growth" businesses owned by Viacom became part of the new CBS Corporation, with most of its other assets (most notably, Paramount Pictures, and the MTV Networks and BET Networks cable television units) became part of a newly incorporated company that assumed the Viacom name. In the meantime, CBS—which renamed its broadcast television subsidiary, by then known as Viacom Television Stations Group, to CBS Television Stations following the split—chose to sell KAUT to The New York Times Company for an undisclosed price. The sale was finalized on November 4, 2005, creating a duopoly with NBC affiliate KFOR-TV (channel 4); KAUT subsequently migrated its operations to KFOR's existing facility on Britton Road and Northeast 93rd Street in northeast Oklahoma City. (The former Eastern Avenue studio building is now occupied by local construction firm Wynn Construction Company.)