The inaugural gala will be aired on Fox from the Music City Centre in Nashville on December 15 as a spin-off of the syndicated American Country Countdown radio show, reported MTV online.
Chesney has been chosen to receive the Groundbreaker Award for his contributions to country music over the past two decades.
The 'American Kids' singer has sold more than 30 million records worldwide and earned 22 number-one singles on the US country chart.
"Given what the American Country Countdown radio show has meant to the music over the past 40 years, it's humbling to be singled out like this," Chesney said of receiving the Groundbreaker Award.
Chesney released his latest studio album The Big Revival in September.
Florida Georgia Line will host the American Country Countdown on December 15.