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On May 8, 2017, Sinclair Broadcast Group announced that it would acquire Tribune Media for $3.9 billion, plus the assumption of $2.7 billion in debt held by Tribune.If the deal receives regulatory approval by the FCC and the U. Department of Justice's Antitrust Division, WREG would gain new sister stations in adjacent markets, including ABC affiliate KATV in Little Rock, and the Nashville virtual triopoly of Fox affiliate WZTV, CW affiliate WNAB and My Network TV affiliate WUXP-TV.
For its first six years, WREC-TV was the only locally owned station in Memphis (WHBQ-TV was owned by General Tire and NBC affiliate WMC-TV was owned by Scripps-Howard).
In mid-2011, the WREG news studio received a major overhaul with the unveiling of a "newsplex" set (designed by FX Group) that occupies a large studio with loft areas and continues into a smaller newsroom area in the back and includes numerous live areas and a set for the Live at 9 program.
WREG-TV, along with Little Rock's KTHV, previously served as the default CBS affiliates for the Jonesboro, Arkansas area.
The station first signed on the air on January 1, 1956 as WREC-TV, and began regular broadcasts the following day on January 2.
It was originally owned by electrical engineer and radio dealer Hoyt Wooten (who had applied for one of the first television licenses in the country in 1928), along with WREC radio (AM 600 and FM 102.7, now WEGR).
The station had long since outgrown the Peabody Hotel, and management felt that building a new studio near the Mississippi would be appropriate since Memphis has long been identified with the river.
On March 2, 1975, channel 3 signed off from the Peabody Hotel for the last time as WREC-TV, and signed back on 45 minutes later, re-branded as WREG-TV, with its first transmission from the new studios on Channel 3 Drive.
WREG-TV, virtual channel 3 (UHF digital channel 28), is a CBS-affiliated television station licensed to Memphis, Tennessee, United States.
Its third digital subchannel serves as an owned-and-operated station of the classic TV network Antenna TV.
Since that time, WREG has gradually built on its wins in the all-important 10 p.m.
slot and now consistently dominates that time period.
On September 12, 2006, The New York Times Company announced its intention to sell its nine television stations.