Complex sentence: Owned by the Fox Television Stations subsidiary of News Corporation, it is sister to MyNetworkTV affiliate KDFI and regional sports network Fox Sports Southwest, KDFW and KDFI share studios on North Griffin Street in downtown Dallas.
Split into simpler sentences: Owned by the Fox Television Stations subsidiary of News Corporation, it is sister to MyNetworkTV affiliate KDFI. The two stations share studios on North Griffin Street in downtown Dallas.