Background
The network is the oldest unit of the CBS Corporation and traces its roots to CBS's predecessor, United Independent Broadcasters, founded in 1927 with 47 affiliates. The next year, Columbia Records invested in the radio network, which was named the Columbia Phonographic Broadcasting System. Eventually, Columbia pulled its backing from the struggling web. William S. Paley bought a half-interest in what became the Columbia Broadcasting System in 1928 and became its president. (In 1938, CBS bought back Columbia Records.) For more about the network's history, see CBS.
Read more about this topic: CBS Radio Network
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