Esguerra Ave, Barangay South Triangle, Diliman, Quezon City; its transmitter is located at NBC compound, Block 3, Emerald Hills, Sumulong Highway, Antipolo.

The success of DWFM led NBC to establish other FM stations using a similar format, including Cebu's DYNC in 1975, and Davao's DXFM.

In September 1998, NBC was acquired by MediaQuest Holdings, Inc., a broadcasting company owned by the PLDT's Beneficial Trust Fund from the consortium of the Yabut family and then House Speaker Manny Villar.

Radio executive Francis Lumen assumed the position of president and CEO bringing with him his previous 10 years of managing Citylite 88.3 (now Jam 88.3).

On Easter Sunday, April 8, 2007, the station was relaunched as 92.3 xFM, airing downtempo, trip hop and house music.

[1] On October 1, 2009, All Youth Channels, owner of the now-defunct MTV Philippines, took over the station's operations and rebranded it as U92 with the youth-oriented slogan "Cool To Be U".

[2] On November 8, 2010, after almost a month of test broadcast, DWFM made another first in the history of FM radio broadcasting in the Philippines, as the station flipped to a news/talk format as Radyo5 92.3 News FM; becoming the flagship station for a new radio network operated in conjunction with the news department of TV5 (which PLDT media subsidiary MediaQuest recently acquired a majority stake of in earlier in the year).

[3][4] Most of the personalities are former anchors and reporters from different AM-radio stations in Mega Manila including Neil Ocampo, Laila Chikadora, Cheryl Cosim, Cristy Fermin, Raffy Tulfo, Nina Taduran, Ruel Otieco, JV Arcena, Sharee Roman (from DZXL), Arnell Ignacio, Shalala (from DZBB), Izza Reniva-Cruz (from Veritas 846), Zony Esguerra (from DZME), and Arnold "Popoy" Rei (from MOR 101.9).

[6] Afterwards, in 2013, Radyo5 was declared again by the PSRC Car Coincidental Survey as the most preferred & listened FM station for public utility vehicles including jeepneys, taxis and FX.

The network changed broadcast times twice until February 16, 2018, when they made a permanent daily 20-hour run (4:00 am until midnight), adding music content during early morning and late-night (except during radio coverage of double-header Philippine Basketball Association game days).

On November 8, 2022, coinciding with the 12th anniversary of the station, it launched its new slogan "Ito ang Totoong Tunog ng Serbisyo Publiko" (transl.

During TV5's trade launch, Radyo5 announced its plans for its relaunching scheduled January 23, 2023, along with new programs, and its renewed expansion to key cities nationwide.

and Turbo Time with Mike and Lindy) begin its airing on either simulcast or delayed basis on TV5 as part of programming revamp spearheaded by TV5 Network's new CEO Jane Basas.

On October 26, 2024, Prime Media-owned Philippine Collective Media Corporation (PCMC) made an agreement with NBC/MediaQuest, wherein it will lease the frequency and eventually acquire most of NBC’s radio assets, except for its stations in Cebu and Cagayan de Oro, thereby introducing PCMC’s Favorite Music Radio to the Mega Manila market.