Stöð 2 is the first privately owned television station in Iceland. It was founded in October 1986 by Jón Óttar Ragnarsson and Hans Kristján Árnason.
Television like Icelanders knew it changed in a heartbeat when Stöð 2 var founded. Stöð 2 offered varied TV program seven days a week but before that there were no transmissions on Thursdays. The channels main focus was the news and Icelandic programming.
The radio station Bylgjan was founded in 1986.