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As compensation for the loss of stations, NBC and CBS traded transmitter facilities in Miami, with the NBC-owned WTVJ moving to channel 6 and the CBS-owned WCIX moving to channel 4 as WFOR-TV. [146] On August 1, 1995, Westinghouse announced it was acquiring CBS outright for $5.4 billion; [147] the deal was completed on November 24. [148]
CBS Television Network, Major U.S. broadcasting company and network. It began in 1928 as the Columbia Broadcasting System, a small radio network directed by William S. Paley. By offering programming free to affiliated stations in return for their agreement to broadcast sponsored shows, Paley built the network from 22 stations to 114 in 10 years.
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Under Paley's guidance, CBS would first become one of the largest radio networks in the United States and then one of the big three American broadcast television networks. In 1974, CBS dropped its full name and became known simply as CBS, Inc. The Westinghouse Electric Corporation acquired the network in 1995 and eventually adopted the name of ...
Along with NBC and CBS, ABC is one of the traditional "Big Three" American television networks. ABC was founded as a radio network in 1943 as the successor to the NBC Blue Network. It extended its operations to television in 1948, following in the footsteps of established broadcast networks CBS, NBC, and the lesser-known DuMont.
CBS News and Stations is a division of the CBS Entertainment Group unit of Paramount Global that owns and operates a group of American television stations along with CBS News. As of January 2021, the division owns 28 stations: 14 are the core stations of the CBS television network, thirteen independent stations, and one primary-channel ...
- Viacom Television Stations Group (2000–2006), CBS Television Stations (2006–2021)
- TV broadcasting
- $1.6 billion (2014)
- Paramount Global
Along with ABC and NBC, CBS is one of the traditional "Big Three" American television networks. CBS was founded as a radio network in 1927 and then expanded to television in the 1940s. Although it primarily remained an independent company throughout most of the 20th century, Paramount Pictures temporarily held a 49 percent ownership stake from ...
CBS is one of the largest radio and television networks in the United States. The name is derived from an abbreviation of Columbia Broadcasting System, its former legal name. The company became known as CBS, Inc. in 1971, and as CBS in 1997. One of the pioneer radio networks, from its earliest days CBS established a reputation for quality, due ...
