michael hagerty said:
KFCT is a separate station with a separate FCC license. That's how the FCC looks at it.
Except that it isn't, exactly, and they don't.
In this particular case, KFCT has "satellite station" status, which means that while it does have a separate license, it's not considered to be a separate attributable ownership interest. The tradeoff is that it also doesn't qualify separately for cable/satellite must-carry so long as it's considered a satellite.
There aren't many such satellite stations in markets this big. The other example that immediately comes to mind is KPNX/KNAZ in the Phoenix market.
As with the former second satellite of KPNX, KMOH 6 Kingman, KNAZ or KFCT could be sold to separate owners (and I believe Gannett has tried to sell KNAZ in recent years.) If KFCT were sold to a separate owner, it could then assert must-carry. As long as Local TV or Tribune keeps the KDVR/KFCT situation intact, it doesn't appear to me that it would create an ownership cap issue - and if it does, they'll simply sell KFCT.
(Which, presumably, is why Local has kept KFCT as a separate license instead of converting it to a high-powered digital replacement translator; a separate license can be sold, while a digital replacement translator can't be.)