Indoor localization systems based on Wi‐Fi signal strength fingerprinting techniques are widely used in office buildings. However, a general problem of these systems pertains to Wi‐Fi signal degradation due to the environmental factors. And also, these systems cannot be used in the environments not covered with Wi‐Fi signals or the environments with only a single Wi‐Fi access point. In this paper, a new indoor location fingerprinting system using both FM radio and Digital Television Terrestrial Multimedia Broadcasting (DTMB) signals is proposed. First, the indoor location fingerprinting using FM radio and DTMB signals is theoretically analyzed to confirm its feasibility. Then, a specially designed combined strength fingerprinting location algorithm is proposed for the location system, which is achieved on the USRP2 platform. Finally, the system is tested in a typical indoor environment. The theoretical analysis and the tests show that the indoor location fingerprinting system using FM radio and DTMB signals has a similar localization accuracy to the Wi‐Fi signal strength fingerprinting location system, while it has a wider coverage area, a lower maintenance cost, and more stable signal strength, which makes it a practical indoor positioning method.