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On September 8, 2015, Richmond, Virginia-based Media General announced that it would acquire the Meredith Corporation for .4 billion, with the intention to name the combined group Meredith Media General once the sale was finalized.

The sale would have marked the first change in ownership for the station since it was purchased by Meredith in 1953 and would have put KCTV and KSMO-TV under common ownership with Media General's existing virtual triopoly in the adjacent Topeka market between NBC affiliate KSNT, Fox affiliate KTMJ-CD and ABC affiliate KTKA-TV.

With CBS staving off another affiliate defection in a New World market, NBC's choices for finding an affiliate to replace WDAF were narrowed further.

KMBC-TV was in the middle of a long-term affiliation agreement between ABC and that station's owner, Hearst Broadcasting, leaving NBC's only viable option being soon-to-be-former Fox station KSHB-TV (channel 41), which – through its owner, Scripps-Howard Broadcasting – agreed to affiliate with the network on August 1, 1994.

On May 23, 1994, New World Communications signed a long-term affiliation and financing agreement with News Corporation, in which New World agreed to switch the network affiliations of five of its seven existing television stations and eight additional stations that the company was in the process of acquiring through separate deals with Great American Communications and Argyle Television Holdings (the latter of which sold its four stations to New World in a purchase option-structured deal on May 26 for 7 million) to Fox, in exchange for allowing News Corporation to acquire a 20% equity interest in the group.

While it changed its primary network affiliation, KCMO-TV remained a secondary affiliate of Du Mont; it would disaffiliate from that network when it ceased operations on August 6, 1956, resulting in CBS becoming the station's sole network affiliation.

For most of its first decade on the air, KCMO-TV branded on-air as "Television 5"; subsequently in 1966, the station's branding was simplified to "TV 5", a moniker which remained in use until the callsign change to KCTV in 1983 (around the time the latter brand was first adopted, it also began using a logo similar to that used at that period by NBC-affiliated sister station WNEM-TV in Bay City, Michigan).

To prevent such a situation from happening in Kansas City, CBS negotiated a deal with Meredith executives conditional on agreeing to keep the CBS affiliation on channel 5, in which the company would agree to switch WNEM-TV and KPHO-TV to the network.

Meredith and CBS would reach an agreement on the proposal on June 29, 1994.

The stations involved in the agreement – which was motivated by the December 18, 1993 announcement that the National Football League (NFL) would award the rights to the National Football Conference television package to Fox effective with the 1994 season, ending the NFC's 38-year relationship with CBS – would disaffiliate from either of the three major broadcast networks (CBS, ABC and NBC) and join Fox once individual affiliation contracts with their existing respective network partners expired.

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