On January 27, 2016, Sinclair Broadcast Group announced that it would acquire Tennis Channel for $350 million. The channel's corporation comes with $200 million in net operating losses that SBGI can use to offset future income thus reducing taxes. Sinclair's news operations had launched six drone teams in September 2016. Initial stations getting drone teams were in Washington, Baltimore, Green Bay, Wisconsin, Columbus, Ohio; Tulsa, Oklahoma and Little Rock, Arkansas. In the mid-2010s, Sinclair launched "Refined", an online local lifestyle web magazine run in conjunction with local Sinclair stations. The third was announced for DC under WJLA-TV. In December 2016, SBG announced TBD, a new digital subchannel network aimed towards millennials, with a focus on digital content. It began broadcasting on February 13, 2017. At NATPE, SBG and MGM announced a second TV network, Charge!, on January 17, 2017, to begin broadcasting in the first quarter of 2017. Sinclair had two rounds of executive promotions announced in November 2016 and effective January 1, 2017 with chair and CEO David D. Smith moving up to executive chairman while CFO Christopher Ripley becoming president and CEO. In the second round, David Amy was promoted from chief operating officer to vice chairman with responsibility for corporate marketing, human resources and the networks group, while Steven Pruett move from co-COO of Sinclair Television Group to executive vice president and chief TV development officer.