In 1948, the "News" established WPIX (Channel 11 in New York City), whose call letters were based on the "News"s nickname of "New York's Picture Newspaper"; and later bought what became WPIX-FM, which is now known as WFAN-FM. The television station became a Tribune property outright in 1991, and remains in the former Daily News Building. The radio station was purchased by Emmis Communications, and since 2014 has been owned by CBS Radio as an FM simulcast of its AM namesake.