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On , it was acquired by CBS Interactive for UK£140 million (US$280 million).
The current website was developed from two separate sources: and Audioscrobbler, which were merged in 2005.
On 11 September 2009, CBS Radio announced that programming will be available in four major market FM stations for the first time on their HD Radio multicasts.
This includes KCBS-HD2 in Los Angeles; KITS-HD3 in San Francisco; WWFS-HD2 in New York City; and WXRT-HD3 in Chicago.
The site name takes advantage of a domain hack using .fm, the top level domain of Micronesia, popular with FM radio related sites.