It was originally owned by local broadcaster Groupe Génération Rock, and had the call sign CIGR-FM.
On June 18, 2007, CIGR's owners announced a tentative deal to sell the station to Corus Entertainment.
[2] Since the relocating, the station has (unlike competitors CITE-FM-1 and CIMO-FM) good coverage in the city of Sherbrooke.
On April 30, 2010, Cogeco announced it would purchase Corus Quebec's radio stations, including CKOY-FM.
The company proposed to convert CKOY to a repeater of Montreal's CKAC, which was also part of the Corus transaction.