CBS Radio, Inc., formerly known as Infinity Broadcasting Corporation, is one of the largest owners and operators of radio stations in the United States, third behind main rival Clear Channel Communications (which owns many of the stations were previously owned by former CBS parent Viacom before 1997) and Cumulus Media. CBS Radio owns around 130 radio stations across the country. It is currently part of CBS Corporation, which also owns the CBS radio and television networks, and jointly owns the CW Television Network. CBS Radio is one of the oldest units within CBS Corporation, second to the CBS Radio Network, and has been around since 1928. The CBS Radio Network, however, was launched in 1927, when CBS itself was known as United Independent Broadcasters. Columbia Records later joined in and that company was renamed the Columbia Phonographic Broadcasting System. In September 1927, Columbia Records sold the company to William S. Paley and in 1928, Paley streamlined the corporate name to...
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