Sole ownership by Leake
In November 1963, the Griffin-Leake interests reached an agreement to buy out the respective 25% interests in KWTV held by former Oklahoma Governor Roy J. Turner and Luther Dulaney—which had expanded their interest in the Oklahoma City station in August 1962, after RKO General sold its stake in KWTV to address ownership issues related to RKO's multi-layered purchase-swap transaction involving WRC-TV and WRC-AM-FM (now WTEM and WKYS) in Washington, D.C., WNAC-TV (now defunct; former channel allocation now occupied by WHDH), WNAC-AM (now WRKO) and WRKO-FM (now WBZ-FM) in Boston, the WRCV television and radio stations (now KYW-TV and KYW [AM]) in Philadelphia, and the Washington-based WGMS radio stations (now WWRC and WTOP-FM)—for an initial payment of $200,000 and title rights to the equipment used by KWTV, KTUL and KATV. Turner and Dulaney would then sell the equipment, valued at $2.3 million, to First National Bank of Oklahoma City executives C. A. Voss and James Kite for $3 million. In turn, the three Griffin-Leake stations would be folded into a single corporate umbrella under KATV parent licensee KATV Inc. (subsequently rechristened as Griffin-Leake TV), which would enter into a ten-year equipment leasing agreement with Voss and Kite for a total of $4.5 million (or $37,500 per month). Griffin and the Leakes would own approximately all of the common voting stock and collectively own 84% of nonvoting common shares in KATV Inc. post-merger, with 10% of the remaining nonvoting interest held by Edgar Bell (who would remain executive vice president and general manager at KWTV).[16][17][18][19][20][21]
KATV has used the Circle 7 logo since 1965, a logo that had traditionally been associated at the time with ABC owned-and-operated stations, and was one of the network's first affiliates to have used the logo (as designed by G. Dean Smith in 1962). KATV's use of the Circle 7 logo predates even the variant Circle 7 used by Allbritton flagship station WJLA-TV in Washington, D.C. from 1977 until it switched to the standard version in 2001. However, unlike WJLA and most of the O&Os, prior to the Sinclair purchase KATV paired the ABC logo with the Circle 7 sparingly, usually in on-screen logo bugs in which the Circle 7 covers the standard ABC bug. KATV also first placed the Circle 7 inside a square in the 1990s; WJLA now uses this version as well, though neither station uses it consistently (KATV stopped placing the Circle 7 logo inside the square in September 2008). The station moved its operations to the Worthen Bank Building in downtown Little Rock in October 1970, after Worthen vacated it and moved into a new downtown skyscraper. The station gained some national attention in 1969 when they had to air Turn-On, which among viewers, "jam[med] the station's switchboard" with complaints.[22]
In April 1969, Griffin-Leake TV announced that it would break up its holdings into two separate companies. Leake—who had moved from being a 3.5% minority partner in KATV to half-owner as a result of the earlier investor divestitures—retained ownership of KATV, KTUL, Ponca City, Oklahoma–based cable television operator Cable TV Co. and a controlling 80% interest in the construction permit for WSTE (now WORO-DT) in Fajardo, Puerto Rico, while Griffin retained ownership of KWTV under the licensee Century Communications Co. (Griffin's company would eventually return to Arkansas in September 1985, when it purchased NBC affiliate KPOM-TV [now Fox affiliate KFTA-TV] in Fort Smith from the Ozark Broadcasting Company; Griffin would sell KPOM and the Rogers-based satellite station it signed on in October 1989, KFAA-TV [now KNWA-TV], to the Nexstar Broadcasting Group—owner of KATV rival KARK-TV—in September 2003.)[23][24][25][26]
