KHII-TV
On March 7, 2006, Raycom Media announced that KFVE would affiliate with MyNetworkTV as part of a group deal involving many of Raycom-owned affiliates of The WB and UPN (whose consolidation and shutdowns the following September resulted in the creation of The CW Television Network, which would affiliate in Hawaii with a digital subchannel of KHON-TV). KFVE officially joined MyNetworkTV on September 5, 2006 and did not air The WB's final two weeks of prime-time programming (though it continued to air WB daytime and Saturday morning programming until the end of the network's existence).
KHNL
On November 1, 2018, Nexstar Media Group – which has owned Fox affiliate KHON-TV since January 2017 – announced that it would acquire KFVE and the licenses of satellites KGMD-TV and KGMV from American Spirit Media for $6.5 million. Nexstar concurrently assumed the station's operations through a time brokerage agreement that took effect the day the transaction paperwork was filed with the FCC, under which Raycom forwarded the rights to certain managerial services involving KFVE – not counting certain other services to which Raycom would retain stewardship under the TBA – on a transitional basis. Under the deal, which is expected to receive regulatory approval in the first quarter of 2019, Nexstar also intends to integrate KFVE's operations into KHON's studio facilities at the Haiwaiki Tower on Piikoi and Waimanu Streets. However, Raycom will retain rights to the KFVE intellectual unit (call letters, syndicated and local programming), which will be shifted to a digital subchannel of either KHNL or KGMB as will KFVE-DT2's Bounce TV affiliation (which will be moved to KGMB-DT4); the KFVE calls will also be retained by Raycom for branding continuity. As such, Nexstar will likely assign new call letters to the channel 9 license as well as acquire programming to replace that being maintained by Raycom post-acquisition (which may include shifting the programming on KHON's CW-affiliated DT2 feed to the KFVE license, and/or the retention of the MyNetworkTV affiliation, which Raycom did not include in the KFVE intellectual property transaction.)