CBS Radio
 |
|
| Subsidiary | |
| Industry | Radio Broadcasting |
| Founded | 1928 (Foundation of CBS) 1997 (relaunched as Infinity Broadcasting) 2005 (relaunched as CBS Radio) |
| Headquarters |
345 Hudson Street New York, NY 10014, U.S. |
|
Area served
|
Nationwide |
|
Key people
|
Andre Fernandez, President |
| Owner | CBS Corporation |
| Parent | National Amusements |
| Website | cbsradio.com |
CBS Radio is a radio broadcasting company owned by CBS Corporation. It is among the United States' largest radio station groups, operating 116 radio stations in 26 media markets.
Although CBS's involvement in radio dates back to the establishment of the original CBS Radio Network in 1927, the current radio division was formed by the 1997 acquisition of Infinity Broadcasting by CBS owner Westinghouse. In 1999, Infinity became a division of Viacom; in 2005, Viacom spun CBS and Infinity Broadcasting back into a separate company, and the division was re-named CBS Radio.
In 2016, CBS CEO Leslie Moonves stated that the company was exploring selling or spinning off CBS Radio. While the company announced its intent to perform an initial public offering, CBS Corporation instead announced on February 2, 2017 that it had agreed to sell its radio division to Entercom.
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 Radio News) 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.
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.
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Wikipedia