On November 28, 1995, one month before WVUE affiliated with Fox, Silver King Communications (operated by former Fox executive Barry Diller) announced that it would acquire Savoy Pictures; at the time of the purchase, Silver King's existing stations had mainly been affiliates of the Home Shopping Network (both Silver King and HSN were later acquired by USA Networks). The sale of WVUE and the other SF stations was approved and finalized in March 1996, with its other assets being merged into the company that November. On April 1, 1998, Silver King subsequently sold the stations to Emmis Communications for $307 million in cash and stock, as part of a sale of its major network affiliates in order to concentrate on its formerly HSN-affiliated independent stations. On May 15, 2005, Emmis Communications announced that it would sell its 16 television stations, including WVUE, in order to concentrate on its radio properties.