Complex sentence: In 2000, WAOW entered into a news share agreement with WFXS (owned by Davis Television, LLC) resulting in a weeknight prime time newscast debuting on the Fox outlet.
Split into simpler sentences: In 2000, WAOW entered into a news share agreement with WFXS (owned by Davis Television, LLC). The arrangement resulted in a weeknight prime time newscast to debut on the Fox outlet.