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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 – will result 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, KWES and CBS affiliate WTOL in Toledo, Ohio would be sold to Tegna Inc.). The sale was approved on December 20, and was completed on January 2, 2019.
 
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 – will result 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, KWES and CBS affiliate WTOL in Toledo, Ohio would be sold to Tegna Inc.). The sale was approved on December 20, and was completed on January 2, 2019.
   
{{CBS Texas}}
 
 
{{Amarillo TV}}
 
{{Amarillo TV}}
 
[[Category:CBS affiliated stations]]
 
[[Category:CBS affiliated stations]]

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