Prior to December 2005, WGEN was, under the ownership of Sonia Broadcasting,[4] co-owned with another Key West station, WDLP-TV (channel 22, now WSBS-TV).

In December 2005,[4] WGEN came under the control of Colombian broadcaster Caracol Televisión, which holds a 25% ownership stake in Mapale LLC, the maximum allowed by Federal Communications Commission (FCC) regulations regarding foreign ownership of terrestrial stations.

[5] On December 28, 2012 at 8 p.m. Eastern Time, MundoFox moved its Miami affiliation from WJAN-CD (channel 41) to WGEN-TV.

RCN content came from the network feed of MundoMax, while Caracol programming is distributed directly to WGEN-TV through Mapale LLC.

On January 5, 2018, Radio & Television Business Report reported that Mapale LLC was in the process of filing an application to sell WGEN-TV to Liberman Broadcasting (which was renamed Estrella Media in February 2020, following a corporate reorganization of the company under private equity firm HPS Investment Partners, LLC); following the sale, the station would become an owned-and-operated station of Estrella TV, restoring a full-market outlet for the network after its previous affiliate, the second digital subchannel of WSVN (channel 7), switched to Light TV on July 14, 2017.

[3] Liberman confirmed the purchase on January 8, 2018, and announced that the station would join Estrella TV on March 1 under a 'soft launch' period.

[10] As of December 2012, locally produced and outsourced programs broadcast by WGEN-TV include ALAIN, Una Mano Amiga, El Show con Tony Benítez and Club 10.

[11] The Liberman bankruptcy that was filed in November 2018 however likely put these plans on hold, and no further announcements have been made about the return of news to WGEN.

The station's signal is multiplexed: WGEN-TV ended programming on its analog signal, on VHF channel 8, on June 12, 2009, the official date on which full-power television stations in the United States transitioned from analog to digital broadcasts under federal mandate.

On April 13, 2017, the Federal Communications Commission (FCC) announced that WDLP-CD was a successful bidder in the spectrum auction, and would be surrendering its license in exchange for $3,673,224.