Formed in 1984, it operates 21 commercial radio stations in Victoria and southern New South Wales, as well as the digital marketing agency Ace Digital and The Weekly Advertiser, a free newspaper distributed across the Wimmera region.

[3] As of 1994, the company was in the joint control of Geoff and Helen Handbury and Rowly and Judy Paterson, and had additional interests in radio stations in Wollongong, Shepparton and Geelong.

[5] In August 2017, it was announced that Ace Radio would acquire 2QN and Edge FM Deniliquin, New South Wales from Rich Rivers Radio, and 3NE and Edge FM Wangaratta from North East Broadcasters.

[7] From 14 January 2022, Ace Radio took over the operations of three metropolitan stations from Nine Entertainment, under a lease arrangement.

[8] From 16 January 2023, Ace Radio will supply Southern Cross Austereo's Hit Network programs, including the Carrie & Tommy Drive show, 2Day FM's Hughesy, Ed & Erin catch up show, Hot Nights with Abbie Chatfield and Jimmy & Nath to over six radio stations.