On June 13, 2007, News Corporation placed WHBQ-TV and eight other stations up for sale. Local TV, a broadcast holding company controlled by private equity firm Oak Hill Capital Partners, purchased the other eight stations on December 22. WHBQ-TV was not included in the sale as Local TV already owned CBS affiliate WREG-TV—FCC rules prohibit duopolies between two of the four highest-rated television stations in a media market. On January 16, 2009, Fox Television Stations withdrew WHBQ-TV from the market as the only interested buyers (other than Local TV) that were willing to pay anywhere close to the asking price were groups that already owned stations in Memphis, Newport Television (then-owner of WPTY and WLMT, which have since been divested to the Nexstar Broadcasting Group) and Raycom Media (owner of WMC-TV). In December 2008, Fox discontinued children's programming as a result of its removal of the 4Kids TV block, replacing it with the infomercial block "Weekend Marketplace". On June 6, 2012, WHBQ-TV became the last Fox-owned station outside of its MyNetworkTV sister stations to switch from the EndPlay CMS platform (spun off from Fox Interactive Media) to a new Worldnow-hosted platform now used by all of the other Fox-owned stations.