Complex sentence: NETV took over channel 7 on May 22 under a new license, signing on the new WNEV-TV at 5:55 a.m. that morning; it also dropped WNAC-TV's strip-layered "7" logo in favor of a new "SE7EN" logo.
Split into simpler sentences: NETV took over channel 7 on May 22 under a new license, signing on the new WNEV-TV at 5:55a.m. ET that morning; it also dropped WNAC-TV's strip-layered "7" logo in favor of a new "SE7EN" logo.