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Westwood One (1976–2011)
Westwood One was an American radio network that was based in New York City. At one time, it was managed by CBS Radio, and was later purchased by the private equity firm, The Gores Group. Due to purchases, mergers and other forms of consolidation in the 1980s and 1990s, at one time or another, it had ownership stakes in or syndication rights to some of the most famous brands in network radio, including CBS, NBC, Mutual, CNN, Fox, and Unistar. The company was one of the largest producers and distributors of radio programming in the United States. It broadcast entertainment, news, weather, sports, talk, and traffic programming to about 7,700 radio stations across the United States. The company was the top provider of local traffic reports in the U.S. through its subsidiaries, Metro Networks, Shadow Broadcast Services, SmartRoute Systems, and Sigalert.com. Westwood One also offers weather services; originally using Accuweather, Westwood switched to The Weather Channel in 2009. Oakt ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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2011–12 NFL Playoffs
The National Football League playoffs for the 2011 season began on January 7, 2012. The postseason tournament concluded with the New York Giants defeating the New England Patriots in Super Bowl XLVI, 21–17, on February 5, at Lucas Oil Stadium in Indianapolis. The Houston Texans qualified the playoffs for the first time since entering the league in 2002, and the Detroit Lions qualified for the first time since 1999. The Buffalo Bills, who were eliminated from playoff contention for the twelfth straight year then, were the only team that had not made the playoffs in the 21st century (and would not do so again until 2017). This team was tied with the Lions for the overall longest failure streak entering the season (the Bills had also not made the playoffs since qualifying as a wild card in 1999 where they were defeated by the Tennessee Titans). Both the conferences’ runners-up made the Super Bowl the next year, which Baltimore won, 34–31. ''Unless otherwise noted, all ti ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Westinghouse Broadcasting
The Westinghouse Broadcasting Company, also known as Group W, was the broadcasting division of Westinghouse Electric Corporation. It owned several radio and television stations across the United States and distributed television shows for syndication. Westinghouse Broadcasting was formed in the 1920 as Westinghouse Radio Stations, Inc. It was renamed Westinghouse Broadcasting Company in 1954, and adopted the ''Group W'' moniker on May 20, 1963. It was a self-contained entity within the Westinghouse corporate structure; while the parent company was headquartered in Pittsburgh, Pennsylvania, Westinghouse Broadcasting maintained headquarters in New York City. It kept national sales offices in Chicago and Los Angeles. Group W stations are best known for using a distinctive corporate typeface, introduced in 1963, for their logos and on-air imaging. Similarly styled typefaces had been used on some non-Group W stations as well and several former Group W stations still use it today. The G ...
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Transtar Radio Networks
Transtar was the first radio network to provide 24-hour music programming to local affiliates. The slate of 24-hour networks is now owned by Westwood One and operated by Dial Global. The studios are located in Valencia, California. History Transtar was founded in 1981 by C. Terry Robinson and Bill Moyes. The network debuted at around the same time as the Satellite Music Network, based in Mokena, Illinois. Both companies marketed themselves to prospective affiliates by offering carefully selected music presented by major market talent of high quality that a local station could never afford, as well as the capability of using existing studio equipment like reel-to-reel tape decks and cartridge playback machines to help make an affordable transition. A station signing up for the service would likely need a satellite antenna and receiver, a 25 Hz tone generator to place at the end of commercial clusters at the end of a break recorded on the reel, and 25/35 Hz tone senso ...
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RKO Radio Networks
The RKO Radio Network, a subsidiary of RKO General, was the first commercial radio network to distribute programming entirely by satellite. When it began operations on October 1, 1979, the initial RKO network was the first new full-service American radio network in 40 years. Satellite distribution allowed high-fidelity (15 kHz) stereo programming to its affiliates. News and programming The newscasts, aimed at a young adult audience, had a conversational, high-energy style developed by co-founders Vice President and News Director Dave Cooke, and Vice President of Programming Jo Interrante. RKO was popular from the start, signing up hundreds of affiliates coast to coast. Its base was the RKO General-owned radio stations in New York, Los Angeles, San Francisco and other large markets. RKO initially purchased downlink satellite dishes for its affiliates, creating the nation's first satellite-delivered commercial radio network. The original network, which fed newscasts at ...
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Mel Karmazin
Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. He was the president of Infinity Broadcasting (formally known as CBS Radio now Entercom) and eventually became the president and CEO of CBS television . From 2004–2012, he was the CEO of Sirius Radio (re-branded Sirius XM Radio after XM merged with Sirius in 2008). In October 2012, Karmazin announced that he would be stepping down on February 1, 2013. Upon his departure, John C. Malone took over Karmazin's role at SiriusXM. Early life and education Karmazin was born to a Jewish family in Long Island City, Queens in New York City. His father was a taxi driver and his mother a factory worker. He first worked as a typist for an advertising firm in high school and then started selling radio ads at the age of 17. He graduated from Pace University with a bachelor's degree in business administration. Career After school, he worked for Columbia Broadcasting System selling ads for their radio division. In the la ...
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Infinity Broadcasting
Infinity Broadcasting Corporation was a radio company that existed from 1972 until 2005. It was founded by Michael A. Wiener and Gerald Carrus. It became associated with popular radio personalities like Howard Stern, Opie and Anthony, Don Imus and Mike Francesa. Infinity merged with CBS Corporation in 1997 and later became part of Viacom in 2000, when CBS and Viacom merged, serving as the radio division of CBS. After the Viacom split in 2005, Infinity changed its name to CBS Radio. History Formation and pre-merger Infinity was founded in 1972 by two former Metromedia executives Michael A. Wiener and Gerald Carrus, with the acquisition of KOME, an FM radio station that served the San Francisco Bay Area, and finally received its license by the Federal Communications Commission (FCC) a year later. In 1979, Infinity acquired WBCN in Boston. In 1981, Mel Karmazin was brought in as new president. Karmazin oversaw the operation of New York's WNEW-AM (now WBBR) and WNEW-FM for Metrom ...
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Casey Kasem
Kemal Amin "Casey" Kasem (April 27, 1932 – June 15, 2014) was an American disc jockey, actor, and radio personality, who created and hosted several radio countdown programs, notably '' American Top 40''. He was the first actor to voice Norville "Shaggy" Rogers in the ''Scooby-Doo'' franchise (1969 to 1997 and 2002 to 2009) and as Dick Grayson/Robin in ''Super Friends'' (1973–1985). Kasem began hosting the original ''American Top 40'' on the weekend of July 4, 1970, and remained there until 1988. He would then spend nine years hosting another countdown titled ''Casey's Top 40'', beginning in January 1989 and ending in February 1998, before returning to revive ''American Top 40'' in 1998. Along the way, spin-offs of the original countdown were conceived for country music and adult contemporary audiences, and Kasem hosted two countdowns for the latter format beginning in 1992 and continuing until 2009. He also founded the ''American Video Awards'' in 1983 and continued to c ...
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Radio & Records
''Radio & Records'' (''R&R'') was a trade publication providing news and airplay information for the radio and music industries. It started as an independent trade from 1973 to 2006 until VNU Media took over in 2006 and became a relaunched sister trade to '' Billboard'', until its final issue in 2009. History The company was founded in 1973 and published its first issue on October 5 of that year. Founders included Bob Wilson and Robert Kardashian. The publication was issued in a weekly print edition, and it also issued a bi-annual Directory. R&R published its print edition from 1973 through August 4, 2006. Its weekly columns and features were intended to inform and educate the radio industry by each format, in addition to format-specific charts based on radio airplay. With the June 25, 1999, issue, the charts became populated by data from Mediabase, a company that monitors and tracks radio airplay in cities across the U.S. From 1987 to 2002 the magazine was owned by Westwood One, ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Chuck Berry
Charles Edward Anderson Berry (October 18, 1926 – March 18, 2017) was an American singer, songwriter and guitarist who pioneered rock and roll. Nicknamed the " Father of Rock and Roll", he refined and developed rhythm and blues into the major elements that made rock and roll distinctive with songs such as " Maybellene" (1955), "Roll Over Beethoven" (1956), "Rock and Roll Music" (1957) and " Johnny B. Goode" (1958). Writing lyrics that focused on teen life and consumerism, and developing a music style that included guitar solos and showmanship, Berry was a major influence on subsequent rock music.Campbell, M. (ed.) (2008). ''Popular Music in America: And the Beat Goes On''. 3rd ed. Cengage Learning. pp. 168–169. Born into a middle-class black family in St. Louis, Berry had an interest in music from an early age and gave his first public performance at Sumner High School. While still a high school student, he was convicted of armed robbery and was sent to a reformator ...
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