Current CEO: Leslie Moonves
CBS Radio is one of the largest radio stations in the United States and ranks fourth behind Clear Channel, Citadel Broadcasting and Cumulus Media. Also known as Infinity Broadcasting Corporation, CBS Radio owns approximately 130 radio stations in the nation. The company is part of the CBS Corporation and has been in existence since 1928. Columbia Records joined the company later, and the corporate name was officially named Columbia Broadcasting System.
In 1995, Westinghouse Electric Corporation acquired CBS in 1995 and in 1997, acquired Infinity Broadcasting. In 1999, CBS Corporation merged with Viacom. Viacom changed its name to CBS Corporation and reorganized all of its radio properties under the Infinity Broadcasting Corporation in 2005. In 2004, radio stations finally had the ability to stream their programs online. WCBS-AM was one of the first stations that could stream their content over the Internet.
In 2006, the CBS Radio sold 15 radio stations to Entercom Communications. The radio stations sold were in Cincinnati, Memphis, Austin and Rochester. In 2007, the group deal was granted FCC approval. CBS Radio and AOL entered a partnership in 2008. The AOL Radio player is powered by CBS Radio. The merger combined 200 CBS Radio stations with over 200 Radio stations. The radio stations offered an array of music, news, sports and talk.
In 2008, CBS Radio announced that it will sell 50 more radio stations to increase its focus on stations in Greater Los Angeles, Chicago, Houston, New York City, Dallas/Fort Worth, Greater Philadelphia and San Francisco Bay Area. CBS Radio and Clear Channel Communications decided to swap seven stations in the deal. The goal was to focus on larger markets.
In 2009, Yahoo! made a deal with CBS Radio to power LAUNCHcast. This was done in response to the rise of Internet royalty rates. In 2010, CBS Radio stations restricted non-United States listeners from streaming content online.
CBS Radio careers range from sales assistant to talk show radio host. They have groomed talent liked Howard Stern, David Lee Roth and Adam Carolla. Working at CBS Radio can be rewarding despite the recent problems in the radio industry as a whole. The CBS Radio culture supports diversity in the workforce in terms of ethnicity and orientation. CBS Radio benefits are rated excellent overall. Many employees are pleased with the benefits offered, and the benefits often compensate for the salaries offered.