When NBC acquired Telemundo in 2001, Telemundo already owned KWHY in addition to KVEA. The FCC let NBC/Telemundo keep all three L.A. stations under a waiver until a buyer was found for KWHY. KWHY was almost sold off a few years ago (I forget to whom), but the economic climate basically forced NBCUniversal to hold off for awhile. The station was finally sold-off to local businessman Alex Merulo (sp?) last year; this is also the same gentleman that almost bought the NBA's Atlanta Hawks around the same time the KWHY sale was completed.