Broadcast.com
 |
|
|
Type of site
|
Broadcasting Internet radio |
|---|---|
| Owner | Yahoo! |
| Created by |
Christopher Jaeb Todd Wagner Mark Cuban Martin Woodall |
| Website |
broadcast broadcast (Both redirect to yahoo |
| Commercial | Yes |
| Launched | September 1995 (as AudioNet) |
| Current status | Discontinued |
Broadcast.com was an Internet radio company founded as AudioNet in September 1995 by Christopher Jaeb.Todd Wagner and Mark Cuban later led the organization and eventually sold to Yahoo! on April 1, 1999 for $5.7 billion, making it the most expensive acquisition Yahoo! has made for which prices are publicly known. The service has since been disbanded and some of its functionality incorporated into other services, some of which (such as Yahoo! Music Radio) have since been disbanded.
Originally the company was called Cameron Audio Networks after its founder Cameron Christopher Jaeb. The original idea, a hand-held shortwave radio that would receive broadcasts inside a sports venue, morphed into a hand-held device that would receive customized satellite broadcasts. The Internet had begun to gain popularity at that time and Jaeb hired Debian Social Contract founder Ean Schuessler and his brother to consult on bringing the idea to the Internet. The Schuesslers expanded the concept beyond sports and produced marketing materials and presentations for Jaeb to promote his idea. Jaeb then began soliciting the rights to broadcast radio live on the Internet.KLIF in Dallas, KFI Los Angeles, KOA Denver, and KPLX in Dallas were some of the first. Later, college sports came on and still later the NBA and NFL. As the company grew, AudioNet expanded from mainly broadcasting sporting events to broadcasting presidential conventions and many other events. With the support of his father Tom Jaeb, he incorporated, formed a board and sold stock. Todd Wagner, an attorney at Akin Gump Strauss Hauer & Feld, co-founded the renamed AudioNet.com with Mark Cuban in September 1995. In 1998, AudioNet was renamed to Broadcast.com and it set (at the time) a one-day record for IPOs by rising almost 250 percent from its opening price. The stock closed up at $62.75 per share from its initial trading at $18 per share.
...
Wikipedia