Liberty Media
In April 2007, Liberty Media (a media company unrelated to The Liberty Corporation and a spin-off of former cable television company TCI) completed an exchange transaction with CBS Corporation pursuant to which Liberty Media exchanged 7.6 million shares of CBS Class B common stock valued at $239 million for a subsidiary of CBS that held WFRV and WJMN and approximately $170 million in cash. As part of the transaction, Liberty Media acquired WFRV and WJMN, becoming the only over-the-air television properties to be owned by the company.