History
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, which acquired CBS, Inc. in 1995, acquired Infinity Broadcasting in 1997. Westinghouse, which established modern broadcasting on November 2, 1920 with KDKA in Pittsburgh, Pennsylvania, would later change its name to 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.
In 1999, CBS Corporation was merged into Viacom. On December 14, 2005, Viacom changed its name to CBS Corporation and spun off its motion picture and cable television assets under the Viacom name. In anticipation of this, Infinity Broadcasting was reorganized as CBS Radio.
Read more about this topic: CBS Radio
Famous quotes containing the word history:
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“The history of progress is written in the blood of men and women who have dared to espouse an unpopular cause, as, for instance, the black man’s right to his body, or woman’s right to her soul.”
—Emma Goldman (1869–1940)
“The foregoing generations beheld God and nature face to face; we, through their eyes. Why should not we also enjoy an original relation to the universe? Why should not we have a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?”
—Ralph Waldo Emerson (1803–1882)