On November 26, 2012, Sinclair exercised its option on WUTB through its recently formed LMA partner Deerfield Media (the transfer was formally consummated on June 1, 2013). In January 2013, Fox announced that it would not exercise its option from the 2012 renewal deal to buy any of the Sinclair stations in the four markets. Therefore, Sinclair is required to pay Fox $25 million. Deerfield Media also acquired Beaumont, Texas Fox affiliate KBTV-TV from Nexstar. Following the acquisition, Sinclair-owned KFDM took over its operations under a shared services agreement. The deal was granted approval by the FCC for both Sinclair and Deerfield Media with their respective stations on November 19, 2012. The sale was consummated on December 3; on that day, Sinclair also acquired the non-FCC assets of ABC affiliate WHAM-TV in Rochester, New York, from Newport, with the license and other FCC assets being transferred to Deerfield Media. On February 25, 2013, Cox Media Group announced that it would sell its four smallest (by market size) television stations – KFOX-TV in El Paso, Texas, WJAC-TV in Johnstown, Pennsylvania, KRXI-TV in Reno, Nevada, and WTOV-TV in Steubenville, Ohio – to Sinclair. Cox sold these stations as part of a refocus on larger markets. Concurrently, Deerfield Media acquired the license assets of KAME-TV in Reno, which has long been operated by KRXI, from Ellis Communications. WJAC-TV and WTOV-TV have overlapping coverage with Sinclair's existing stations in Pittsburgh, WPGH-TV and WPNT (then known as WPMY).