Fox's partial equity acquisition of New World Communications also included a multi-year agreement, under which it would affiliate most of the television stations that the company had owned outright or was in the process of acquiring from Argyle and Great American with the network, once individual affiliation contracts with each of the stations' existing network partners expired.
As a result of various other deals that followed as a result of the affiliation switches created by the deal between Fox and New World, most notably the buyout of CBS by Westinghouse, the switches constituted some of the most sweeping changes in American television history.
As a result of this realignment, Fox ascended to the status of a major television network, comparable in influence to the Big Three television networks (CBS, NBC and ABC).
The day prior to that deal, SCI purchased WTVT in Tampa, Florida, from Gillett Holdings in a separate agreement for $163 million.
New World expanded its broadcasting holdings in May 1994, when it bought four stations owned by Argyle Television Holdings (which Argyle had acquired from the Times Mirror Company the year prior) in a $717 million purchase option-structured deal, followed three weeks later by the purchase of four stations owned by Great American Communications (which, several months later, would be renamed Citicasters upon the completion of its corporate restructuring) for $350 million in cash and $10 million in share warrants.
Most of the stations involved in the New World deal were located in markets with teams in the NFC, which was then considered the more prestigious of the two NFL conferences.
In particular, the conference had teams located in nine of the ten largest television markets at the time – with the exception of Boston, whose NFL team, the New England Patriots, played in the AFC.
Prior to the deal, of the fourteen NFC teams at the time, only four – the Los Angeles Rams, New York Giants, San Francisco 49ers and Washington Redskins – were located in markets with VHF Fox affiliates.
Of those four markets' Fox stations, WNYW (channel 5) in New York City, KTTV (channel 11) in Los Angeles and WTTG (channel 5) in Washington, D. are three of the network's original six owned-and-operated outlets; the San Francisco Bay Area affiliate, Oakland, California-licensed KTVU (channel 2), was owned by Cox Enterprises at the time, and would not be acquired by Fox until October 2014.
Many of the stations slated to join Fox were CBS affiliates based in markets where NFC teams were located, therefore fans would continue to see at least their team's road games on (the same) local VHF stations.