The station is currently owned by Commonwealth Broadcasting Corporation, through licensee Madisonville CBC, Inc.[2] Studios are in downtown Princeton at 108 West Main Street.

The station, originally licensed to Princeton, went on the air as WPKY-FM on March 22, 1979, under ownership by Leslie Goodaker.

[3] On January 15, 1994, the station changed its call sign to WAVJ,[4] and began airing its country music format.

[3] The station has been recognized on the local, state and national level for its efforts in the area of community service.

On April 1, 2013, WAVJ changed its format from adult contemporary to classic hits, branded as "104.9 The Wave".