On June 16, 1999, the deYoung family announced that it decided to liquidate Chronicle Publishing's assets. KAKE, its satellites, and WOWT were sold to LIN TV (KRON was later sold to Young Broadcasting, which became involved in a contract dispute with NBC, which had bid for the station, that led to KRON losing its NBC affiliation in January 2002). Almost as soon as the sale was finalized, LIN turned around and traded KAKE and WOWT to Benedek Broadcasting in a cash deal, in exchange for NBC affiliate WWLP in Springfield, Massachusetts. The acquisition of KAKE and WOWT could be seen as the ultimate undoing for the financially challenged Benedek, which in 2002 declared for Chapter 7 bankruptcy; the company then sold most of its stations, including KAKE and WOWT, to Atlanta-based Gray Television. Another translator shuffle occurred on August 15, 2003, as three of the station's low-power repeaters changed channel allocations: K20BU (channel 20) in Russell moved to channel 38 as K38GH, K22CP (channel 22, now KHDS-LD) in Salina moved to channel 51 as K51GC, and K69DQ (channel 69, now KGBD-LD) in Great Bend moved to channel 30 as K30GD.