 Planet Rock was founded in 1999 as the only classic rock radio station in the UK at that time.On 11 February 2008, the previous owner GCap Media (now Global Radio), announced that the station would close by 31 March 2008, along with sister station theJazz, unless a buyer was found.According to a statement by former presenter Fish, this was not due to the profitability of Planet Rock itself, which had been reported to be good, but rather to GCap's overall financial state.