Founded by the private Uzan Group, Metro FM remained one of the media branches of the holding for over ten years.
With the auction held in September 2005, Metro FM has been sold to the Canadian communication group Canwest for a sum of US$22,850,000.
Failing its operations in Turkey as a result of the 2007 global recession, Canwest has sold Metro FM along with its sister stations Süper FM, Joy FM and Joy Türk to Spectrum Medya, one of the domestic investment fund Actera Group’s companies.
Since its foundation in 1992, Metro FM has always been among the first two foreign music radio stations in the country by terms of rating.
[citation needed] The station manager and program/music director of the radio is Cengiz Ünsal.