In 1968, the Federal Communications Commission (FCC) passed a rule barring companies from owning newspapers and broadcast outlets in the same market. However, the agency "grandfathered" several existing newspaper and broadcasting cross-combinations in several markets. Triangle asked the FCC to grandfather its cluster of the "Inquirer", the "Daily News" and WFIL-AM-FM-TV, but was turned down. As a result, in 1969, one year after the new regulation was made official, Triangle sold the "Inquirer" and the "Daily News" to Knight Newspapers (later renamed Knight Ridder).