[1] In September 1996, Lockwood purchased religious independent station WLYJ-TV (now WVFX) then sold it to Davis Television in 1998.

In April 1997, Lockwood acquired another religious independent station WJCB-TV (now WPXV-TV) before it was purchased by Paxson Communications in December of the same year[2][3] and July 1997, Lockwood bought then-The WB affiliate WAWB from Bell Broadcasting for $10 million, changing the call letters to WUPV and became an UPN affiliate until joining the CW on September 18, 2006 and the selling of the station to Southeastern Media Holdings (now American Spirit Media and operated by Raycom Media through a shared services agreement (SSA)) for $47 million in August 2006.

On November 13, 2012, Lockwood Broadcast Group entered into an agreement to purchase Daystar affiliate WMAK from Word of God Fellowship for $2.95 million while at the same filed an application with the Federal Communications Commission to change the station's call letters to WKNX-TV.

Formal consummation of the Lockwood purchase occurred on March 4, 2013, creating the Knoxville television market's first station duopoly with CW affiliate WBXX-TV.

Upon the completion of the purchase, WQCW will begin a shared services agreement with Gray Television, owner of NBC affiliate WSAZ-TV.

[13] On August 20, 2018, Gray Television announced that it would sell four Fox affiliates — WTNZ in Knoxville; WFXG in Augusta, Georgia; WPGX in Panama City, Florida; and WDFX-TV in Dothan, Alabama; to Lockwood.