It is owned by Nexstar Media Group alongside low-power CW owned-and-operated station KXTU-LD (channel 57).

The two stations share studios on Wooten Road in Colorado Springs; KXRM-TV's transmitter is located on Cheyenne Mountain.

[5] On August 20, 2014, Sinclair announced that it would sell KXRM-TV and KXTU-LD, along with WTTA in Tampa Bay and WHTM in Harrisburg (which Sinclair, on behalf of Allbritton is planning on to divest) to Media General in a swap for WJAR in Providence, Rhode Island, the WLUK-TV and WCWF duopoly in Green Bay, Wisconsin, and WTGS in Savannah, Georgia.

The station began airing a half hour prime time newscast at 9 p.m. on March 11, 2001, that was produced by local CBS affiliate KKTV.

In late September 2010, KXRM became the fourth station in Colorado Springs–Pueblo to start broadcasting its local newscasts in 16:9 widescreen.

In 2013, the Radio Television Digital News Association recognized KXRM with a National Edward R. Murrow Award for continuing coverage of the Waldo Canyon Fire.

As part of the SAFER Act, KXRM kept its analog signal on the air until June 26 to inform viewers of the digital television transition through a loop of public service announcements from the National Association of Broadcasters.