On July 18, 2008, Post-Newsweek Stations announced that it would purchase WTVJ for $205 million. The purchase would have created a duopoly between WTVJ and WPLG—duopolies involving two "Big Three" stations ordinarily would be prohibited under the FCC's media ownership rules, which do not allow duopolies involving two of a market's four highest-rated stations in terms of audience share; however during the May 2008 Nielsen ratings period, WPLG ranked in first place and WTVJ ranked sixth in total-day viewership, allowing the possibility of a purchase. Under the proposal, WTVJ would have merged its operations with WPLG at the studio facility (which was under construction at the time) on Hallandale Beach Boulevard in Pembroke Park. However, the sale was cancelled on December 23, 2008, with NBCUniversal and The Washington Post Company citing poor economic conditions and the lack of approval by the FCC.