On December 3, 2018, Nexstar announced it would acquire the assets of Chicago-based Tribune Media—which has owned CBS affiliate WTVR since 2009—for $6.4 billion in cash and debt. Nexstar is precluded from acquiring WTVR directly or indirectly, as FCC regulations prohibit common ownership of two or more of the four highest-rated stations in the same media market. (Furthermore, any attempt by Nexstar to assume the operations of WTVR through local marketing or shared services agreements may be subject to regulatory hurdles that could delay completion of the FCC and Justice Department's review and approval process for the acquisition.) As such, Nexstar will be required to sell either WTVR or WRIC to a separate, unrelated company to address the ownership conflict. On March 20, 2019, it was announced that Nexstar would keep WRIC-TV and sell WTVR to Cincinnati-based E. W. Scripps Company, as part of the company's sale of nineteen Nexstar- and Tribune-operated stations to Scripps and Tegna Inc. in separate deals worth $1.32 billion; the transaction will mark Scripps' entry into Virginia.