KVEO-TV (channel 23) is a television station licensed to Brownsville, Texas, United States, serving the Lower Rio Grande Valley as an affiliate of NBC and CBS.

It is owned by Nexstar Media Group alongside Harlingen-licensed KGBT-TV (channel 4), which airs Antenna TV and MyNetworkTV.

The first construction permit for channel 23 at Brownsville was awarded to Pan American Broadcasting Corporation in 1974; officials intended to build the station as the missing network affiliate for the market, then ABC.

In 1978, the FCC review board granted an extension of time, noting that Pan American had attempted to merge with another proposed UHF station at McAllen; that merger fell through, and the group was allowed to try and transfer the permit.

That provoked a sharp decline in business activity on the American side of the Rio Grande and created further issues for a station that was already burdened with debt.

[14] In order to raise cash for operating expenses, Peter Dean—one of the partners in Tierra del Sol—sold the station's uncollected advertising accounts to a company known as Central Texas Factors.

Dean had helped to organize the company with Lawrence Ludka, his law partner; involved in the firm were several principals of the Ranchlander National Bank, a financial institution in the small town of Melvin.

[16][17] The probe into bank fraud and related broadcasting activity broadened shortly before Christmas as investigators looked into Central Texas Factors.

In April, a deal was reached with Guadalupe South Texas Communications, a commercial subsidiary of the De Rance Foundation of Milwaukee, to purchase KVEO.

[21] In November, Tierra del Sol agreed on an amended purchase arrangement with Guadalupe South Texas, with some of the proceeds being used to pay creditors.

[27] That station was eventually significantly delayed by appeals to the comparative hearing process, but Oliveira had already sold his house in Brownsville and returned to KVUE in Austin.

[28] In 1990, SouthWest MultiMedia sold its three television stations—KVEO, KWKT-TV in Waco, and KPEJ-TV in Odessa—for $30.4 million to Associated Broadcasters, Inc., a company owned by Thomas R. Galloway of Lafayette, Louisiana.

[7] After UPN first established a secondary affiliation with KRGV-TV, which only carried Star Trek: Voyager,[31] the network's programming had moved to KVEO by 1997.

[40] KGBT-TV itself was acquired by Mission Broadcasting, an affiliated company; Nexstar then exercised its option to purchase it outright in July 2021.