KTBC was finalized on January 3, 1994. In February 1994, Argyle Television took over management responsibilities for struggling independent station KDFI (channel 27, now a MyNetworkTV owned-and-operated station) under a local marketing agreement with its then-owner, Richardson-based Dallas Media Investors Corporation. The agreement – which resulted in KDFI integrating its operations into KDFW's downtown studios on North Griffin Street – allowed KDFW to provide advertising, promotional and master control services for KDFI, while Dallas Media Investors (which was owned by former KDFW station manager John McKay) would retain responsibilities over channel 27's programming and production services. Through the consolidation of that station's operations with Channel 4, KDFI began airing late-night rebroadcasts of KDFW's 10:00 p.m. newscast each weeknight as well as select syndicated programs seen on that station; during the first months of the LMA, KDFW also produced a daily 30-minute wrap-up of the proceedings in the O. J. Simpson murder case for KDFI—which aired in place of the 10:00 p.m. news rebroadcast—during the summer and fall of 1994. As a Fox station New World Communications ownership On May 23, 1994, in an overall deal in which network parent News Corporation also acquired a 20% equity interest in the company, Atlanta-based New World Communications signed a long-term affiliation agreement with the Fox Broadcasting Company. Under the initial agreement, nine television stations affiliated with either CBS, ABC or NBC—five of the seven that New World acquired through its 1992 purchase of SCI Television, and four others that it acquired on May 5 from Great American Communications (in a separate deal for $350 million in cash and $10 million in share warrants)—would become Fox affiliates once their existing respective affiliation contracts expired. The deal was part of a strategy by Fox to strengthen its affiliate portfolio after the National Football League (NFL) accepted the network's $1.58 billion bid for the television rights to the National Football Conference (NFC), a four-year contract that began with the 1994 NFL season, on December 18, 1993. At the time, Fox's stations were mostly UHF outlets that had limited to no prior history as major network affiliates; among them was its existing Dallas outlet KDAF, which News Corporation purchased through its May 1985 merger with Metromedia and was among Fox's original group of six owned-and-operated stations when the network launched in October 1986. On May 26, New World bought the four Argyle Television stations for $717 million