Founded in 1991 as a joint venture of Westwood One, Harris Corporation, StoryFirst Communications, and The Moscow News weekly, Maximum is currently owned and operated by Russian Media Group (Russkaya Mediagruppa - RMG).

The radiostation was among the first Russian music stations to start round the clock broadcasting in 1994.

Maximum's format is broad, and includes both western and Russian rock and pop music.

The station is popular, with a successful morning show, which at different times was hosted by such celebrities as Olga Maximova, Kostya Mikhalov, Gennady Bachinsky and Sergey Stillavin.

Radio Maximum is also known for the Maxidrom rock festival, which used to be held every May in Moscow, Russia.