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.
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Famous quotes containing the word history:
“I believe that history might be, and ought to be, taught in a new fashion so as to make the meaning of it as a process of evolution intelligible to the young.”
—Thomas Henry Huxley (1825–95)
“We aspire to be something more than stupid and timid chattels, pretending to read history and our Bibles, but desecrating every house and every day we breathe in.”
—Henry David Thoreau (1817–1862)
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)