On March 21, 2014, Media General announced that it would purchase LIN Media and its stations, including KOIN, in a $1.6 billion merger. The merger was completed on December 19. Less than a year later, on September 8, 2015, Media General announced that it would acquire the Meredith Corporation for $2.4 billion, with the combined group to be renamed Meredith Media General once the sale is finalized by June 2016. Because Meredith already owns Fox affiliate KPTV (channel 12), and the two stations rank among the four highest-rated stations in the Portland market in total day viewership, the companies would have been required to sell either KPTV or KOIN to comply with FCC ownership rules as well as recent changes to those rules regarding same-market television stations that restrict sharing agreements; KPTV's MyNetworkTV-affiliated sister station KPDX (channel 49) could have remained with either KPTV or KOIN or be spun off to the suitor as its total day viewership ranks below the top-four ratings threshold.