its first high-definition telecast on March 31 of that year, when it aired a Major League Baseball game between the Texas Rangers and the Chicago White Sox. Regular digital television transmissions commenced on November 1, 1998, when KXAS began full-time operation of its digital signal on UHF channel 41. NBC ownership On October 23, 1997, LIN Television was acquired by Hicks, Muse, Tate & Furst (now HM Capital Partners) for $1.9 billion. In conjunction with the Dallas-based investment firm's submitted bid for the company on September 12, LIN contributed KXAS-TV to a joint venture with NBC Inc., in which the former sold a 76% majority equity interest in the station to NBC, which in turn would contribute a 24% share of San Diego owned-and-operated station KNSD (which NBC had purchased from New World Communications on May 22, 1996, in a $425 million deal that also included full ownership of existing affiliate WVTM-TV in Birmingham) to Hicks Muse, predicated on the firm acquiring and closing on its deal with LIN. The takeover and joint venture deals were completed on March 2, 1998, when NBC and LIN formally established Station Venture Holdings, LP to serve as the licensee of KXAS and KNSD. As it held 79.62% controlling equity in the partnership, NBC assumed control of KXAS' operations by way of its NBC Television Stations subsidiary, which continued to control KNSD through its continued majority ownership of that station. Although not a traditional arrangement, NBC's assumption of majority control over KXAS made it a de facto owned-and-operated station; however as a consequence, the purchase of majority interest in Channel 5 resulted in the termination of its LMA with KXTX. In May 1998, the station changed its on-air branding to "NBC 5" and its newscast branding to NBC 5 Texas News (later simplified to NBC 5 News in November 1999) in compliance with the branding conventions that the network had adopted for its O&Os, as had been done with sister station WMAQ-TV's rebranding to "NBC 5 Chicago" in September 1995. On October 11, 2001, NBC Inc. purchased the Telemundo Communications Group from a consortium of Sony Pictures Entertainment, Liberty Media, and private equity firms BV Capital, Bastion Capital and Council Tree Communications for $1.98 billion (increasing to $2.68 billion prior to the sale's closure) and the assumption of $700 million in debt. The acquisition included rights to an existing purchase agreement for KXTX, which