Just in case anyone cares...
I brought a 2nd TV into the living room, curious to see how this would go down - one tuned to ch 39 and the other to ch 48.
At midnight, Daystar launched into its regular programming on ch 39 and Telemundo programming was still on ch 48; nothing happened. About 30 seconds later, ch 39 suddenly cut over to Telemundo and both stations had Telemundo programming for about half a minute. Then ch 48 went off the air, while ch 39 launched into special programming explaining the new, improved reach of Telemundo. About a minute later, ch 48 came back on with Daystar programming with no acknowledgement about what happened. Ch 39, OTOH, ran a 5-minute commercial about themselves, including the always sheepish-looking Mayor of Phoenix, Phil Gordon, welcoming Telemundo ch 39 in incredibly bad Spanish.