future. However, after Equity filed for Chapter 11 bankruptcy in December 2008, Luken began to distance itself from Equity; its offers to acquire KEYU and other Equity stations were eventually withdrawn, and on January 4, 2009, RTN affiliation was removed from all Equity-owned or operated stations as a result of a commercial dispute with Luken. In 2009, KEYU and three Amarillo LPTV stations—Telefutura affiliate KAMT-LP and KEYU repeaters KEYU-LP and KEAT-LP—were put up for sale for $7.5 million, as part of a sell-off of all of Equity's stations. A buyer was not found until October, when Drewry Communications announced that it would purchase the stations, with a failing station waiver being obtained to allow KEYU to be co-owned with KFDA. The station subsequently relocated its operations to KFDA's studios on Broadway Drive in northern Amarillo. (The former KEYU studio building is now occupied by the Mewbourne Oil Company.) Shortly after assuming control in 2010, Drewry dropped the station's affiliation with Univision and moved the programming of KTMO-LP, including its Telemundo affiliation and local newscasts, to KEYU. On August 10, 2015, Montgomery, Alabama–based Raycom Media announced that it would purchase Drewry Communications' eight television stations as well as radio stations KEYU-FM (102.9 FM) in Amarillo and KTXC in Lamesa for $160 million. The sale was completed on December 1; as a result, KEYU became the first full-power Spanish-language television station to be owned by Raycom. (The remainder of the group's Telemundo-affiliated stations are low-power or subchannel-only outlets.) On June 25, 2018, Atlanta-based Gray Television announced it had reached an agreement with Raycom to merge their respective broadcasting assets (consisting of Raycom's 63 existing owned-and/or-operated television stations, including KFDA-TV and KEYU as well as Lubbock sister station KCBD, and Gray's 93 television stations) under the former's corporate umbrella. The cash-and-stock merger transaction valued at $3.6 billion—in which Gray shareholders would acquire preferred stock currently held by Raycom—resulted in KFDA/KEYU gaining a new sister station in the Odessa–Midland market as Gray plans to retain ownership of fellow CBS affiliate KOSA-TV in exchange for selling NBC affiliate KWES-TV (which will be sold to an independent company to comply with FCC ownership rules prohibiting common ownership of two of the four highest-rated stations in a single market, instead KWES and WTOL in Toledo, Ohio would be sold to Tegna Inc.). The sale was approved on December 20, and was completed on January 2, 2019. In