the Nexstar Broadcasting Group for $88 million. Nexstar immediately took over the station's operations through a time brokerage agreement. The deal followed Citadel founder and CEO Phil Lombardo's decision to "slow down," as well as a desire by Lynch Entertainment to divest its investments in WOI and WHBF. The sale was completed on March 13, 2014. The deal reunited WOI with two of its former Citadel sister stations, WIVT in Binghamton, New York and WVNY in Burlington, Vermont. WOI-DT thus became the first Nexstar-owned station, the only one before its subsequent acquisition of Tribune Media, and one of a handful in the United States, to utilize a historic three-letter call sign. Nexstar then announced on November 4, 2014, that it would also buy CW affiliate KCWI from Pappas Telecasting for $3.5 million. The sale was finalized on March 14, 2016, with Nexstar announcing shortly after that KCWI would leave its downtown Des Moines studios and consolidate operations with WOI on Westown Parkway. On January 5, 2015, WOI re-launched as the Graham Media Group "Local" Mandate-inspired Local 5. The change came as part of investments into the station by Nexstar, which saw upgrades to the station's studio equipment and the introduction of a new news studio featuring a touchscreen display. The station also re-launched its morning news as Good Morning Iowa, and will place a larger emphasis on political coverage and how stories "matter" to viewers as part of its overall coverage. A week later, the station took their second subchannel, which carried the moribund Live Well Network, dark, with no replacement programming until August 2016, when Laff launched in the slot. Sale to Tegna Inc. On December 3, 2018, Nexstar announced it would acquire the assets of Chicago-based Tribune Media—which has owned NBC affiliate WHO-DT (channel 13) since December 2013—for $6.4 billion in cash and debt. FCC regulations prohibit common ownership of more than two stations in the same media market, or two or more of the four highest-rated stations in the market. (Furthermore, any attempt by Nexstar to retain operational control of either WOI-DT or WHO-DT through local marketing or shared services agreements would have been subject to regulatory hurdles that would have delayed the FCC and Justice Department's review and approval process for the acquisition.) As such, Nexstar was required to sell WHO-DT or WOI-DT to a separate, unrelated company to address the ownership conflict. (As KCWI does