KXRM sold

Local Fox affiliate KXRM/Channel 21 and UPN affiliate KXTU/Channel 57 were sold on Monday to Barrington Broadcasting Corporation as part of a $262 million deal with former owner Raycom Media.

I've got a story in the business section tomorrow, but for local TV viewers, there are two more important questions:

What's going to happen to KXTU when UPN merges with the WB to form the new CW network in the fall?
Barrington president Jim Yager said he expects an announcement on KXTU within a week. Sounds like it will be a CW affiliate, although Fox's new My Television Network is also a possibility.

What about KXRM's 9 p.m. news?
KXRM's evening news is produced over at KKTV/Channel 11 under an agreement that runs through the end of summer. Before Raycom put the station up for sale, there was speculation that KXRM would start its own newscast. Yager said he knew the situation here, but wouldn't say what his plans were.
I'd expect they would go ahead with doing their own news -- he specifically mentioned how important local news was to smaller markets like Colorado Springs.