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DWFM signed on in 1973 as Manila's third FM station, and the Nation Broadcasting Corporation's first FM station. DWFM began as "MRS 92.3—Most Requested Song", airing a format consisting of adult contemporary and easy listening music. DWFM quickly became the top-rated FM station in Manila, and held this title for most of its life. 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. NBC acquisition, format changes
In 1998, NBC was acquired by MediaQuest Holdings, Inc., a broadcasting company owned by the PLDT's Beneficial Trust Fund. With the new ownership, DWFM's format would be changed in 1998 to become a smooth jazz station, Joey @ Rhythms 92.3 (later shortened in 2005 to 923 Joey).
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