The station is owned and operated by Raycom Media, who gained ownership of KGMB through a complex (and controversial) shared services agreement with KGMB's former owner, MCG Capital Corporation, an arrangement that saw KGMB leave its longtime on-air home from PSIPchannel 9 to channel 5 in October 2009. The station shares studio space with KHNL and KFVE (now owned by MCG Capital) on Waiakamilo Road in Honolulu. Syndicatedprogramming on KGMB includes The Insider, Jeopardy!, The Rachael Ray Show, and Frasier.