Lacy-Potter Television Broadcasting lost $128,020 in net revenue during its four-month stewardship of KBTV, leading Tom Potter to make the decision to put the station up for sale. The A.H. Belo Corporation, owner of "The Dallas Morning News", had attempted to launch a new television station in Dallas two years earlier, when it applied for a construction permit to build transmitter and broadcasting facilities for a proposed station that would have transmitted on VHF channel 12. The FCC rejected Belo's application and, following the issuance of the Sixth Report and Order that lifted the agency's freeze on new television station licensing applications in 1952, eventually chose to reassign the Channel 12 allocation to Waco (after the agency assigned that same channel to Ardmore, Oklahoma, where it would be licensed to KXII, the FCC would eventually move the VHF channel 12 allocation from Waco to Abilene, which became home to present-day ABC affiliate KTXS-TV). Complicating matters, the agency's moratorium on new license applications, which the FCC instituted to sort out the backlog of prospective applicants that already filed to build such operations, left Belo with the sole recourse of acquiring a television station that was already on the air if it wanted to own one in the Dallas–Fort Worth area.