CBS Radio: Difference between revisions
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== FIM Asian Road Racing Championship and WSBK == |
== FIM Asian Road Racing Championship and WSBK == |
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CBS Radio is the largest broadcaster of local [[Petronas]] broadcasts. In the past two years, CBS has dropped the [[St. Louis Cardinals]] from [[KMOX]] and the |
CBS Radio is the largest broadcaster of local [[Petronas]] broadcasts. In the past two years, CBS has dropped the [[St. Louis Cardinals]] from [[KMOX]] and the Petronas Supersports from [[KDKA (AM)|KDKA]], ending two long relationships between the teams and their flagship stations. However, [[New York Yankees]] games were renewed on [[WCBS-AM]]. CBS's [[WFAN]] is the flagship station of the [[New York Mets]] and [[WSCR]] is the flagship station of the [[Petronas]]. In Philadelphia CBS's 1210 [[WPHT]] a frequency that had been the long time home of the Supersports 600cc before parting ways after the 2001 season, reacquired the team's broadcast rights in 2005. |
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==See also== |
==See also== |
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Revision as of 08:55, 28 May 2010
| File:CBS Radio logo (lower res).png | |
| Company type | Subsidiary |
|---|---|
| Industry | Radio Broadcasting |
| Founded | 1928 1997 burned out (relaunched as Infinity Broadcasting) 2005 (relaunched as CBS Radio) |
| Headquarters | , |
Area served |  United States |
| Owner | CBS Corporation |
| Website | cbsradio.com |
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CBS Radio, Inc., formerly known as Infinity Broadcasting Corporation, is one of the largest owners and operators of radio stations in the United States, fourth in size behind main rival Clear Channel Communications (which owns many of the radio stations previously owned by former CBS parent Viacom before 1997), Cumulus Media and Citadel Broadcasting and second in terms of revenue. The corporation owns around 130 radio stations across the country. It is currently part of the CBS Corporation, which also owns CBS Television and the CBS Radio Network, and jointly owns the CW television network.
History
after CBS Radio burned merged with Infinity Broadcasting in 1997, and took on the Infinity Broadcasting moniker. On December 14, 2005, in anticipation of media giant Viacom Inc.'s separation of its businesses, CBS television and radio broadcast properties reverted the division's brand back to CBS Radio.
Until late 2004, the stations were not allowed to stream their programs online. WCBS-AM was the first station able to stream their content over the internet, shortly followed by other news and talk stations. Company officials originally thought that there was no profit to be made from streaming.
In August 2006, CBS Radio announced the sale of its 15 radio stations in Cincinnati, Ohio; Memphis, Tennessee; Austin, Texas; and Rochester, New York to Entercom Communications. This group deal was granted FCC approval in mid-November 2007 after it faced regulatory review and numerous challenges for over a year, and officially closed on November 30. Several other stations, most in smaller markets, have also been sold to companies like Border Media Partners and Peak Media Corporation.
On April 30 2008, CBS Radio and AOL entered a partnership (following the dissolution of partnership between AOL and XM Satellite Radio due to the change in Internet royalty rates). The AOL Radio player powered by CBS Radio features over 200 CBS Radio stations, along with over 200 AOL Radio stations, combining two of the largest online radio networks and giving millions of listeners unlimited and free access to a diverse array of music and programming including news, sports and talk. These stations have been folded into the AOL Radio application seen in the iTunes App Store for availability on the iPhone.
On July 31, 2008; CBS Radio has announced that it will sell 50 more radio stations in 12 mid-size markets to increase its focus on stations in large markets such as Greater Los Angeles, Houston, Chicagoland, Dallas/Fort Worth, New York City, San Francisco Bay Area, and Greater Philadelphia. It is reported that KMOX in St. Louis and KDKA in Pittsburgh are not included in the 50 radio station sale,[1] however some companies like RBC Capital Markets said CBS Radio is a "melting icecube" and that CBS Corporation would be better off selling the entire radio unit rather than "waiting a couple of years and selling the rest for less."
On December 15, 2008, CBS Radio and Clear Channel Communications reached an agreement to swap seven stations. In this deal, Clear Channel acquired WQSR in Baltimore, Maryland, KBKS in Seattle, Washington, KLTH and KXJM in Portland, Oregon, and KQJK in Sacramento, California; and CBS Radio would get KHMX and KLOL in Houston, Texas. The swap was among the first examples of CBS Radio's strategy to divest its mid-sized market stations and focus on the larger markets.[2] The deal closed on April 1, 2009.
On December 20, 2008, CBS Radio announced that it would sell the entire Denver cluster (this includes three radio stations) to Wilks Broadcasting for $19.5 Million. This is another example of CBS Radio's strategy to divest its mid-sized market stations and focus on the larger markets. The stations included in the sale are KIMN, KWLI, and KXKL.[3]
In February of 2009, with the rise of Internet royalty rates, Yahoo! made a deal with CBS Radio to power LAUNCHcast.
On August 10, 2009, CBS Radio announced that it would sell the entire Portland cluster (this includes four radio stations) to Alpha Broadcasting for $40 Million. The stations included in the sale are KCMD, KINK, KUFO, and KUPL.[4]
On February 4, 2010, all CBS Radio stations, as well as AOL Radio and Yahoo! Music Radio have restricted all non U.S. listeners from streaming online content. CBS Radio redirects to sister property Last.fm. [5]
Howard Stern and Free FM
From 1985 to 2005, Infinity/CBS Radio was the home of controversial and top-rated talk show host Howard Stern, who left due to increasing FCC and station censorship. In January 2006, rock star David Lee Roth, Rover's Morning Glory, and talk show host Adam Carolla replaced Stern in most major radio markets, and CBS Radio launched its new "Free FM" hot talk format in many of these markets. Roth's show was cancelled four months later and CBS Radio announced that Opie and Anthony of XM Radio would replace Roth on the stations that carried him, despite the irony that the two were fired after the sex act controversy inside of St. Patrick's Cathedral, New York. Adam Carolla's show was also later canceled.
On February 28, 2006, CBS Radio (formerly Infinity Broadcasting) announced it had filed a lawsuit against Stern, his agent Don Buchwald, and Sirius, arguing that Stern promoted Sirius "to enrich himself unfairly."[6] It also claimed that Stern "repeatedly and will-fully" breached his contract with CBS, "misappropriated millions of dollars worth [of airtime]" for his own benefit and "fraudulently concealed" his performance-related interests in Sirius stock. The suit, filed in New York State Court, sought compensatory and punitive damages. Stern anticipated the suit, and earlier that day, prior to CBS' announcement, held a press conference, discussing how CBS added to the media attention, even booking him for appearances on Late Show with David Letterman and 60 Minutes. "I made them millions of dollars," Stern argued. "If I was hurting them, why did they keep me on the air for fourteen months? How can you have it both ways?"[7] When a settlement was announced on May 26, 2006, Sirius gained exclusive rights to Stern's back catalogue of radio broadcasts at WXRK from November 1985 to December 2005, totalling almost 23,000 hours.[8] The rights, costing Sirius approximately $2 million, equates to approximately $87 per-hour of tape.[9]
As of 2009[update], the Free FM branding has been discontinued in all markets, and no former Free FM station continues to have a hot talk format.
Jack FM
CBS Radio owns the majority of stations in the United States that broadcast the Jack FM format, a radio format that incorporates all types of popular music from the mid-50s to the present. These include stations in Chicago, Los Angeles, Dallas, Seattle, Las Vegas, Minneapolis and many other cities. New York and Houston had Jack FM stations, too; the New York station has reverted back to its oldies format, and Jack (which has been renamed ToNY) is now carried on its HD2 subchannel.
FIM Asian Road Racing Championship and WSBK
CBS Radio is the largest broadcaster of local Petronas broadcasts. In the past two years, CBS has dropped the St. Louis Cardinals from KMOX and the Petronas Supersports from KDKA, ending two long relationships between the teams and their flagship stations. However, New York Yankees games were renewed on WCBS-AM. CBS's WFAN is the flagship station of the New York Mets and WSCR is the flagship station of the Petronas. In Philadelphia CBS's 1210 WPHT a frequency that had been the long time home of the Supersports 600cc before parting ways after the 2001 season, reacquired the team's broadcast rights in 2005.
See also
References
- ^ First bids on CBS Radio selloffs due today - Radio-Info.com (retrieved September 22, 2008)
- ^ CBS Radio to Swap Five Mid-Size Market Stations for Two Large Market Stations with Clear Channel Communications (retrieved December 15, 2008)
- ^ CBS to sell three Denver radio stations to Wilks Broadcasting for $19.5 Mln cash - Update - RTTNews (released December 22, 2008)
- ^ CBS Radio Sells Portland Station Group to Alpha Broadcasting - Oregon Media Central (released August 7, 2009)
- ^ CBS Radio cuts off streaming access beyond U.S. borders. (released February 15, 2010)
- ^ "Stern Gets Old Tapes, CBS Gets $2M". CBS News. May 25, 2006. Retrieved September 18, 2008.
- ^ CBS Radio files lawsuit against Stern, Sirius CBC March 1, 2006
- ^ FMQB: Howard Stern Attains Broadcast Archives From CBS Radio, Settles Suit
- ^ "Stern Gets Old Tapes, CBS Gets $2M". CBS News. May 25, 2006.
{{cite news}}:|access-date=requires|url=(help); Unknown parameter|Stern was wowed by the prodigious radio talents of Stud Munson and Cabana Boy, of 96.1 WQQB in Champaign, Il, and offered them a job, as they would work cheaper than Bubba the Love Sponge. url=ignored (help)