1985, Taft purchased Gulf Broadcasting, which includes KTXA in Fort Worth; KTXH in Houston; WTSP in St. Petersburg, Florida; KTSP-TV (now KSAZ-TV) in Phoenix; KESQ-TV in Palm Springs, California; and WGHP in High Point, North Carolina. As a result, Taft sold several radio stations to CBS to comply with FCC rules. KESQ-TV was spun off to former Gulf Broadcasting executive E. Grant Fitts. In October 1986, WTAF-TV in Philadelphia and WCIX in Miami became charter affiliates of the Fox Broadcasting Company. One month later, Taft announced the sale of both of those stations along with its three independent stations (WDCA-TV, KTXA, and KTXH) to the TVX Broadcast Group; the sale was completed in April 1987. Taft also sold WGR radio and WRLT-FM (the former WGR-FM) in Buffalo to Rich Communications, a subsidiary of Buffalo-based Rich Products. In 1987, Taft, wanting to purchase more network-affiliated television stations, is looking to sell Taft Entertainment Group, the entertainment subsidiary of the Taft Broadcasting company to a different buyer, with estimates cost $300 million, and the group had a record production year in 1986 out of 334 animated half hours and 63 live-action half hour programs, to the three networks, to the cable networks, to first-run syndication. Taft Broadcasting Company was purchased by TFBA Limited Partnership, which included Robert M. Bass as a partner, in April 1987 for $1.43 billion, taking the company private. Successor companies Later in 1987, Cincinnati-based businessman Carl Lindner, Jr. became Taft's majority stockholder in a hostile takeover and renamed the company Great American Broadcasting (also known as Great American Communications) following a major restructuring of its operations. The new name came from Linder's insurance company, Great American Insurance. The FCC considered this restructuring to be an ownership change, and told Lindner he could not keep both WTVN-TV and WKRC-TV. As a result, Great American spun off WTVN-TV to Anchor Media, a new firm composed of former Taft Broadcasting board members led by Robert Bass. (The two stations have since been reunited under the Sinclair Broadcast Group, with cross-ownership rules having since been relaxed.) Another new company, led by former Taft Broadcasting president Dudley S. Taft Sr., took the Taft Broadcasting name. This new company retained WGHP and later purchases another Philadelphia station, WPHL-TV. In 1988, Great American Broadcasting sold Worldvision to Aaron Spelling Productions. Included with Worldvision were outright ownership of all of Great American's programming assets (including the