On May 14, 2014, the Gannett Company announced that it would acquire KIII and five other LBC stations for $215 million. Gannett's CEO Gracia Martore touted that the acquisition would give the company a presence in several fast-growing markets, and opportunities for local advertisers to leverage its digital marketing platform. The company also owns fellow Texas ABC affiliates WFAA and KVUE, which it had acquired in its purchase of Belo Corporation. The sale was completed on July 8. 13 months later, on June 29, 2015, the Gannett Company split in two, with one side specializing in print media and the other side specializing in broadcast and digital media. KIII was retained by the latter company, named Tegna.