On May 7, 2012, LIN TV Corporation announced that it would acquire the New Vision Television station group, including KSNT and KTMJ-CD, for $330.4 million and the assumption of $12 million in debt. Along with the outright ownership of KSNT and KTMJ, the agreement included the acquisition of New Vision's shared services agreement with PBC Broadcasting, giving LIN operational control of KTKA-TV. LIN and Vaughan Media (which concurrently purchased the PBC stations) also entered into a joint sales agreement to provide advertising services for KTKA. The sale of New Vision to LIN Media and KTKA's purchase by Vaughan Media was approved by the FCC on October 2, with the transaction closing on October 12, 2012.