 GoodRadio was established in late-2006 with the purchase of six stations in Iowa.It later acquired The Shepherd Group's 8 FM and 8 AM stations, all in Missouri, in February 2007.In 2007, Good Radio had plans to acquire 200 smaller-market radio stations from Clear Channel Communications, but the deal fell through when its financing group, American Securities Capital Partners, objected to the deal's $452 million cost.