Licensed to Cheyenne, Wyoming, United States, the station was owned by La Familia Broadcasting, LLC.
[2] In 1988, a year after KGAB in Cheyenne moved from 1530 to 650 kHz, KSHY was issued a construction permit to move to the vacated frequency, which included a change in its community of license to Fox Farm, Wyoming.
[2] On March 17, 1997, the Federal Communications Commission (FCC) announced that eighty-eight stations had been given permission to move to newly available "Expanded Band" transmitting frequencies, ranging from 1610 to 1700 kHz.
[4] A construction permit for the expanded band station on 1630 kHz was assigned the call letters KKWY (now KFBU) on November 21, 1997.
[5] The FCC's initial policy was that both the original station and its expanded band counterpart could operate simultaneously for up to five years, after which owners would have to turn in one of the two licenses, depending on whether they preferred the new assignment or elected to remain on the original frequency,[4] although this deadline was extended multiple times.