Topic summary
Owned and operated

Extracted from the Wikipedia article Owned-and-operated station.
Usage of the term in the United States
The term "station" applies to the ownership of the station. For example, a station that is owned and operated by the American Broadcasting Company (ABC) is referred to as an "ABC station" or an "ABC O&O." A station not owned by ABC but contracted to air the network's programming is correctly referred to as an "ABC affiliate".