The station was licensed by the CRTC in 2005. LiVE 88.5 began testing its signal and broadcasting online in early December and officially signed on the air on December 26, 2005 at noon, with Iggy Pop's "Lust for Life".
The station sponsors an annual "Big Money Shot" contest to develop and promote emerging local musicians. Past winners of the Live 88.5 Big Money Shot have included Hollerado, Amos the Transparent, The Balconies, Autumns Canon, The Love Machine, My Favourite Tragedy, Down in Ashes, Amanda Rheaume, The Goodluck Assembly and Loudlove.
Live 88.5 is Canada's first carbon neutral radio station, partnering with the Rideau Valley Conservation Foundation in an annual program of planting trees in the suburban township of Beckwith to offset its energy consumption.