Complex sentence: Due to FCC regulations at the time that barred the ownership of two television stations in the same media market, Disney purchased KABC-TV and chose to divest KCAL, which was purchased by Young Broadcasting in 1996.
Split into simpler sentences: Due to FCC regulations at the time that barred the ownership of two television stations in the same media market, Disney was not allowed to keep both KABC-TV and KCAL. Disney chose to purchase KABC-TV and divest KCAL, which was purchased by Young Broadcasting in 1996.