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Purchase of CBS and other firms
- This firm, which had once been one of the world’s largest makers of electrical equipment, converted itself in the 1990s into a media company through the purchase of CBS and other firms. To mark this transformation Westinghouse in 1997 dropped its own corporate name and assumed the name CBS Corporation.
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May 16, 2024 · The history of the Columbia Broadcasting System (CBS) began in 1927 when talent agent Arthur Judson, unable to obtain work for any of his clients on the radio programs carried by the National Broadcasting Company (NBC), established his own network, United Independent Broadcasters.
The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model. The network is the result of a merger of The WB (a Warner Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each owned 50% of the network.
CBS ventured and expanded its horizons through television starting in the 1940s, spinning off its broadcast syndication division Viacom to a separate company in 1971. In 1974, CBS dropped its original full name and became known simply as CBS, Inc.
However, in 1995 the Westinghouse Electric Corporation acquired the company, becoming CBS Corporation (after selling certain assets). In 2000, CBS sold again to the original incarnation of Viacom (formed as a spin-off of CBS in 1971, which acquired Paramount Pictures in 1994).
broadcasting Summary. Broadcasting, electronic transmission of radio and television signals that are intended for general public reception, as distinguished from private signals that are directed to specific receivers. In its most common form, broadcasting may be described as the systematic dissemination of. New York City Summary.
Jun 26, 2013 · The origins of CBS date back to January 27, 1927, with the creation of the “United Independent Broadcasters” network in Chicago by New York talent agent Arthur Judson.
CBS was a pioneer in international shortwave broadcasting, FM and early television. By 1950, there were 3,000 employees and annual sales of $100 million. When the television age dawned, its TV network and stations catapulted it into the giant multi-media corporation that it is today.
