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CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broadcasting since the 1970s. The broadcasting company was sold to Entercom (now known as Audacy, Inc.) on November 17, 2017.
Although CBS's involvement in radio dates back to the establishment of the original CBS Radio Network in 1927, the most recent radio division was formed by the 1997 acquisition of Infinity Broadcasting by CBS owner Westinghouse.In 1999, Infinity became a division of the original Viacom; in 2005, Viacom spun CBS and Infinity Broadcasting back into a separate company, and the division was renamed CBS Radio. It was the last radio group left to be tied to a major broadcast television network, as NBC divested its radio interests in the 1980s, and ABC sold off its division to Citadel Broadcasting (now part of Cumulus Media) in 2007.
CBS Radio is one of the oldest units within CBS Corporation, and has been around since 1928. However, the actual CBS Radio Network (now CBS News Radio) was launched in 1927, when CBS itself was known as United Independent Broadcasters. Columbia Records later joined in and that company was renamed the Columbia Phonographic Broadcasting System. In September 1927, Columbia Records sold the company to William S. Paley and in 1928, Paley streamlined the corporate name to Columbia Broadcasting System.
In 1940, Paley also joined forces with the journalist Edmund Chester at CBS Radio and Nelson Rockefeller at the Department of State's Office of the Coordinator of Inter-American Affairs to launch the imaginative Network of the Americas (La Cadena de las Americas) in 1942. This innovative radio network beamed both news and cultural programming live to North and South America in support of cultural diplomacy and Pan Americanism in accordance with President Franklin Roosevelt's Good Neighbor policy during World War II.
The company that would become CBS Radio was founded in 1972 as Infinity Broadcasting Corporation by Michael A. Wiener and Gerald Carrus, with the acquisition of KOME, an FM radio station that served the San Francisco Bay Area. It became a publicly traded company twice, in 1986, and again in 1992.
Westinghouse Electric Corporation acquired CBS, Inc. in 1995 and then acquired Infinity Broadcasting in 1997. Westinghouse, which produced the first radio broadcast on November 2, 1920, with KDKA in Pittsburgh, Pennsylvania, would later change its name to the original CBS Corporation, and reorganize all of its radio properties (including its own Group W stations), as well as its outdoor advertising business, under the Infinity Broadcasting Corporation name. Westinghouse acquired American Radio Systems in September 1997. In 2000, CBS Corporation was merged into Viacom. On December 31, 2005, Viacom spun out its motion picture and cable television assets, with the remainder maintained as the second CBS Corporation. In anticipation of this, Infinity Broadcasting was reorganized as CBS Radio.
In August 2006, CBS Radio announced the sale of its 15 radio stations in Cincinnati, Ohio; Memphis, Tennessee; Austin, Texas; and Rochester, New York to Entercom Communications. This group deal was granted FCC approval in mid-November 2007 after it faced regulatory review and numerous challenges for over a year, and officially closed on November 30. Several other stations, most in smaller markets, were also sold to companies like Border Media Partners and Peak Media Corporation.
On April 30, 2008, CBS Radio and AOL entered a partnership (following the dissolution of partnership between AOL and XM Satellite Radio due to the change in Internet royalty rates). The AOL Radio player powered by CBS Radio featured over 200 CBS Radio stations, along with over 200 AOL Radio stations, combining two of the largest online radio networks and giving millions of listeners unlimited and free access to a diverse array of music and programming including news, sports and talk. These stations were folded into the AOL Radio mobile app.
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CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broadcasting since the 1970s. The broadcasting company was sold to Entercom (now known as Audacy, Inc.) on November 17, 2017.
Although CBS's involvement in radio dates back to the establishment of the original CBS Radio Network in 1927, the most recent radio division was formed by the 1997 acquisition of Infinity Broadcasting by CBS owner Westinghouse.In 1999, Infinity became a division of the original Viacom; in 2005, Viacom spun CBS and Infinity Broadcasting back into a separate company, and the division was renamed CBS Radio. It was the last radio group left to be tied to a major broadcast television network, as NBC divested its radio interests in the 1980s, and ABC sold off its division to Citadel Broadcasting (now part of Cumulus Media) in 2007.
CBS Radio is one of the oldest units within CBS Corporation, and has been around since 1928. However, the actual CBS Radio Network (now CBS News Radio) was launched in 1927, when CBS itself was known as United Independent Broadcasters. Columbia Records later joined in and that company was renamed the Columbia Phonographic Broadcasting System. In September 1927, Columbia Records sold the company to William S. Paley and in 1928, Paley streamlined the corporate name to Columbia Broadcasting System.
In 1940, Paley also joined forces with the journalist Edmund Chester at CBS Radio and Nelson Rockefeller at the Department of State's Office of the Coordinator of Inter-American Affairs to launch the imaginative Network of the Americas (La Cadena de las Americas) in 1942. This innovative radio network beamed both news and cultural programming live to North and South America in support of cultural diplomacy and Pan Americanism in accordance with President Franklin Roosevelt's Good Neighbor policy during World War II.
The company that would become CBS Radio was founded in 1972 as Infinity Broadcasting Corporation by Michael A. Wiener and Gerald Carrus, with the acquisition of KOME, an FM radio station that served the San Francisco Bay Area. It became a publicly traded company twice, in 1986, and again in 1992.
Westinghouse Electric Corporation acquired CBS, Inc. in 1995 and then acquired Infinity Broadcasting in 1997. Westinghouse, which produced the first radio broadcast on November 2, 1920, with KDKA in Pittsburgh, Pennsylvania, would later change its name to the original CBS Corporation, and reorganize all of its radio properties (including its own Group W stations), as well as its outdoor advertising business, under the Infinity Broadcasting Corporation name. Westinghouse acquired American Radio Systems in September 1997. In 2000, CBS Corporation was merged into Viacom. On December 31, 2005, Viacom spun out its motion picture and cable television assets, with the remainder maintained as the second CBS Corporation. In anticipation of this, Infinity Broadcasting was reorganized as CBS Radio.
In August 2006, CBS Radio announced the sale of its 15 radio stations in Cincinnati, Ohio; Memphis, Tennessee; Austin, Texas; and Rochester, New York to Entercom Communications. This group deal was granted FCC approval in mid-November 2007 after it faced regulatory review and numerous challenges for over a year, and officially closed on November 30. Several other stations, most in smaller markets, were also sold to companies like Border Media Partners and Peak Media Corporation.
On April 30, 2008, CBS Radio and AOL entered a partnership (following the dissolution of partnership between AOL and XM Satellite Radio due to the change in Internet royalty rates). The AOL Radio player powered by CBS Radio featured over 200 CBS Radio stations, along with over 200 AOL Radio stations, combining two of the largest online radio networks and giving millions of listeners unlimited and free access to a diverse array of music and programming including news, sports and talk. These stations were folded into the AOL Radio mobile app.