ˌɔn dᵻsˈɛmbɚ twˈɛnti wˈʌn, nˈaɪntiːnhˈʌndɹɪd nˈaɪnti θɹˈiː, ɑːɹɡˈaɪl tˈɛlᵻvˌɪʒən hˈoʊldɪŋz—ðə nˈuː ˈoʊnɚɹ ʌv ðˈɛnsˌiːbˌiːˈɛs ɐfˈɪlɪˌeɪt kˌeɪtˌiːbˌiːsˈiː tʃˈænəl sˈɛvən, nˈaʊ ɐ fˈɑːks ˈoʊndændˈɑːpɚɹˌeɪɾᵻd stˈeɪʃən θɹuː ɪts dˈɑːlɚ θɹˈiːhˈʌndɹɪd θˈɜːɾi fˈaɪvmˈɪliən ɐkwɪsˈɪʃən ʌvðə tˈaɪmz mˈɪɹɚ kˈʌmpəniz bɹˈɔːdkæst hˈoʊldɪŋz—ɐnˈaʊnst ðˌɐɾɪt wʊd pˈɜːtʃɪs kˈeɪ θˈɜːtiːn vˌiːsˈiː fɹʌm ɡlˈoʊbəl ˌɪnfɚmˈeɪʃən tɛknˈɑːlədʒiz fɚɹən ʌndɪsklˈoʊzd pɹˈaɪs.
On December 21, 1993, Argyle Television Holdings—the new owner of then-CBS affiliate KTBC (channel 7, now a Fox owned-and-operated station) through its $335-million acquisition of the Times Mirror Company's broadcast holdings—announced that it would purchase K13VC from Global Information Technologies for an undisclosed price.