MyNetworkTV affiliation rights for the Austin market from KNVA. This left Channel 54 exclusively affiliated with The CW, with syndicated programs—including some first-run and off-network series whose rights had been held by KNVA—being moved to KBVO to fill that station's new general-entertainment-based schedule; other syndicated shows were moved to new timeslots or added to KNVA's schedule to fill the former MyNetworkTV-occupied time slot on Monday through Friday evenings. On March 21, 2014, Richmond, Virginia–based Media General announced that it would purchase the LIN Media stations, including KXAN-TV, KBVO (which it retained through the renewal of a satellite relay waiver that predated the termination of its KXAN simulcast to comply with FCC rules that prohibited legal duopolies in markets with fewer than eight independent full-power television station owners), and the LMA with and 4.5-percent stake in KNVA, in a $1.6 billion merger. The FCC approved the merger on December 12, 2014, with the deal being consummated on December 19. On January 27, 2016, Irving-based Nexstar Broadcasting Group – which had a previous $14.50-per-share offer for the group be rejected two months earlier – announced that it would acquire Media General for an evaluation of $4.6 billion in cash and stock plus the assumption of $2.3 billion in Media General-held debt, in exchange for giving right of first refusal to the Meredith Corporation to acquire any divested broadcast or digital properties (a clause that Meredith did not exercise) as compensation for terminating a prior $2.4-billion acquisition agreement it reached with Media General the previous September to accept Nexstar's counterbid. The transaction was approved by the FCC on January 11, 2017; the sale was completed six days later on January 17, at which point the existing Nexstar stations and the former Media General outlets that were not subject to divestiture to address ownership conflicts in certain overlapping markets became part of the renamed Nexstar Media Group. The deal marked Nexstar's re-entry into the Austin market, as the group had previously operated CBS affiliate KEYE-TV (channel 42) under a local marketing agreement with Four Points Media Group from 2009 to 2011, concluding after Sinclair Broadcast Group acquired the KEYE and the other Four Points stations. Subchannel history KNVA-DT2 KNVA-DT2 is the Grit-affiliated second digital subchannel of KNVA, broadcasting in standard definition on UHF channel 23.2 (or virtual channel 54.2). KNVA originally launched a digital subchannel on virtual channel 54.2 on September 27, 2010, originally