Phoenix Business Journal: Fourteen employees from KPHO-TV CBS 5 and KTVK-TV Channel 3 in Phoenix, Ariz., learned they are losing their jobs because their positions were being eliminated. The dissolved positions span across all divisions at the TV stations including sales, news and production. KPHO purchased the Phoenix studios of KTVK in August 2014 for $9.9 million. Since the merger of the two TV stations was announced, it has been known that there might be layoffs due to duplication of jobs.