On June 13, 2013, the Gannett Company, owner of NBC affiliate KSDK (channel 5), announced that it would acquire Belo. As the deal would violate FCC regulations that disallow common ownership of two of the four highest-rated stations in a single market (KMOV and KSDK have ranked as the top two stations in the St. Louis market in total-day ratings for several years), Gannett would retain KSDK, while it would spin off KMOV to Sander Media, LLC (owned by former Belo executive Jack Sander). Gannett intended to provide services to the station through a shared services agreement, KMOV's operations were to remain largely separate from KSDK, including separate and competing news and sales departments. However, on December 16, 2013, the United States Department of Justice threatened to block the merger unless Gannett, Belo and Sander completely divested KMOV to a government-approved third-party company that would be barred from entering into any agreements with Gannett. The DOJ claimed that Gannett and Sander would be so closely aligned that Gannett would have dominated spot advertising in St. Louis. On December 23, 2013, shortly after the Gannett/Belo deal was approved and completed, Des Moines, Iowa-based Meredith Corporation – which already had a broadcasting presence in Missouri through its ownership of fellow CBS affiliate KCTV in Kansas City – announced that it would purchase KMOV, along with KTVK and KASW in Phoenix (the latter of which Meredith would later sell to the Nexstar Broadcasting Group) for $407.5 million. The sale of KMOV was completed on February 28, 2014.