Incidentally, when Fox Television Stations acquired the television station group owned by KTVX's then-parent Chris-Craft Industries on August 12, 2000 KTVX was one of two stations that the company traded to Clear Channel Communications (as part of a swap with WFTC in Minneapolis–Saint Paul). It was forced to sell KTVX due to FCC regulations prohibiting one company from owning two of the four highest-rated stations in a single market, as well as the fact that the station was in the middle of a long-term affiliation contract with ABC.