July 1, 1995, KTBC and KBVO swapped affiliations, with Fox moving to KTBC and the CBS affiliation going to KBVO. Simultaneously with the affiliation switch, KBVO changed its callsign to KEYE-TV the same day, seeking to avoid confusion over where CBS programs were in the Austin market and bolster its ties to the new network. The callsign refers to the iconic CBS Eye logo, as well as to "The Eyes of Texas", one of several songs associated with the University of Texas. It branded itself as "K-EYE 42, Your Eye on Austin" until 1999 when the branding was shortened to simply "K-EYE" on account of the fact that it was now available to all Austin area cable subscribers on cable channel 5. In 1999, Granite put KEYE up for sale in order to meet debt obligations; that April, CBS agreed to buy the station for $160 million. The sale closed that August, making KEYE the second owned-and-operated station of any major network in the market (after KTBC). The next year, Viacom bought CBS; at that time, KEYE became part of a cluster of television stations in Texas owned by Viacom, alongside fellow CBS station KTVT and then-UPN affiliate KTXA (now an independent station) in the Dallas–Fort Worth metroplex, and Houston UPN station KTXH. The latter station was then swapped to Fox (alongside WDCA in Washington, D.C.) in 2001 in exchange for San Francisco's KBHK. In 2005, the station modified its branding to "CBS42 K-EYE" to reflect its CBS ownership and for cable subscribers to avoid confusion with San Antonio's CBS outlet KENS-TV, seen on VHF analog channel 5. The "K-EYE" branding was phased out altogether in 2006, with references to the KEYE-TV call sign limited to station identifications and the station's website address. On February 7, 2007, CBS agreed to sell seven of its stations to Cerberus Capital Management, L.P., for $185 million. Cerberus formed a new holding company for the stations, Four Points Media Group, which took over the operations of the stations through local marketing agreements in late June 2007. The sale to Four Points was consummated on January 10, 2008; Four Points operated the stations outright until March 20, 2009, when it entered into a three-year local service agreement with the Irving, Texas-based Nexstar Broadcasting Group. The latter company then took over the management of all of the Four Points stations, including KEYE. In August 2009, the