Bishop Armando Ochoa announced Thursday that the channel will keep its license, but will cut costs by downsizing staff.
The Catholic Diocese sustains the station financially with a $1.2 million budget. In February, The Bee reported the channel was being listed with a broker at an asking price of $2.5 million.
The channel has a noncommercial license with the Federal Communications Commission, so potential buyers would need to keep it faith-based or educational. The station recently celebrated its 30th anniversary.
Ochoa said that as the partnership with CatholicTV Network develops, the diocese expects an official re-launch of the station in the first week of October. He said the community can expect more programming that includes Spanish-language Mass and rosaries on Mondays, Wednesdays and Fridays. Portuguese Daily Mass and rosaries will be broadcast on Tuesdays and Thursdays.