Three weeks later, New World agreed to buy WVTM-TV and three other stations—CBS affiliates KDFW in Dallas–Fort Worth and KTBC in Austin, and ABC affiliate KTVI in St. Louis—from Argyle Television Holdings, in a purchase option-structured deal worth $717 million. The two purchases created a problem for New World due to conflicts caused by restrictions on television station ownership imposed by the FCC at the time; New World was not permitted to retain both WBRC and WVTM in any event as the ownership of two television stations in the same market by a single company was prohibited, and the concurrent acquisitions would give New World ownership of a combined fifteen stations, three more than the FCC allowed. The group's affiliation deal with Fox allowed New World to solve its ownership conflicts in Birmingham, as it chose to establish and transfer the license of WBRC into a trust company with the intent to sell the station to the network's broadcasting subsidiary, Fox Television Stations; the trust transfer was completed on July 24, 1995.