Nexstar is desperately trying to stay under the 39% ownership limit* with the Tribune deal. With the planned divestitures (complicated by the failed resale of several other stations to Fox, including WJW) they're barely at the limit.
At the rate this is going, I wouldn't be surprised to see WBNX taken over by the creditors. From there, they could 1) sell the station to another entity, or 2) sell the license to one party and the IP to another. Either way, it's out of Ernest's control.
*which is an absolute farce because of the so-called UHF Discount
Actually, MyNet is on WOIO 19.2 between 1am and 3am in an obvious contract burning, sandwiched within the rest of the MeTV lineup.
MyNet has no tangible value beyond being a white-label rerun block in prime-time. For all intents and purposes, WBNX is better off remaining an indie with spillover program inventory from whatever duopoly partner they wind up with, if they wind up with one.