On November 20, 2013, Gray Television announced it would purchase Hoak Media in a $335 million deal. This deal brought Gray back into the Monroe–El Dorado market as Gray had owned KTVE from 1967 until 1996. The deal also included the acquisition of Parker Broadcasting, owner of ABC affiliate KAQY, which KNOE-TV had operated under a local marketing agreement since 2008. However, due to recent scrutiny by the FCC regarding LMAs (KAQY was originally to be sold to the shell company Excalibur Broadcasting, and would have maintained its LMA with Gray), KAQY was sold to a minority-owned company, and KNOE-TV would forgo any operational agreements with the new owner. In September 2014, KAQY signed off, and its programming was moved to KNOE-TV's second digital subchannel, displacing CW+ to the third.