BMP Radio , also known as Border Media Partners , was a privately owned Hispanic focused radio broadcasting company headquartered in Houston, Texas . On July 17, 2009, Radio-Info.com announced that BMP would be seized by its banks after failing to make debt payments for two years. Ten days later, it was confirmed that Goldman Sachs Group , Vestar Capital Partners , and D.B. Zwirn & Co. seized the business and the assets are expected to be liquidated. It was reported that President Jeff Hinson was expected to step down by July 31. This occurred as expected, and station owner and station broker Larry Patrick was named trustee and engaged to dispose of the stations and return any monies to the lenders.
57-422: CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broadcasting since the 1970s. The broadcasting company was sold to Entercom (now known as Audacy, Inc. ) on November 17, 2017. Although CBS's involvement in radio dates back to
114-734: A 10-year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season. On February 7, 2007, CBS sold seven smaller-market stations in Providence, Rhode Island , Austin, Texas , Salt Lake City and West Palm Beach, Florida to Cerberus Capital Management for US$ 185 million. It sold another station, WFRV-TV in Green Bay, Wisconsin , and its satellite station, WJMN-TV in Escanaba , Michigan , to Liberty Media on February 13, 2007. News reports estimate
171-540: A 25% stake on The WB) and CBS Television Stations contributed its stations as new network affiliates. On May 23, 2006, CBS Corporation sold Paramount Parks to the Cedar Fair Entertainment Company . With this acquisition, Cedar Fair became the third-largest theme park operator. On June 30, 2006, Cedar Fair completed its acquisition of Paramount Parks from CBS Corporation in a cash transaction valued at US$ 1.24 billion. The transaction included
228-429: A CBS-Viacom merger for at least two years after the date of the settlement with former CEO Moonves, donating $ 20 million to groups supporting the #MeToo movement as result of his resign. On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. The company's board of directors was revamped with people who are open to a merger and the talks were made possible with
285-631: A deal finalized in mid-December 2018. The deal gives the buyer the right to use the Television City name. Programs produced at Television City will continue to be based there as will CBS' international unit headquarters. On September 29, 2016, National Amusements sent a letter to the company and Viacom, encouraging the two companies to merge back into one company. On December 12, the deal was called off. On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after AT&T 's purchase of Time Warner
342-527: A hot talk format. The only remaining show still on air is The Sports Junkies on WJFK 106.7 FM DC. All other shows broke up or were canceled. Some, including The Big O & Dukes Show and The Mike O'Meara Show, have been reborn as podcasts. CBS Radio owned 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
399-737: A lawsuit filed by ABS Entertainment over the use of pre-1972 sound recordings, which are subject to common law state copyright and not federal law, on CBS Radio's oldies stations. ABS argued that because pre-1972 works are not subject to federal copyright, they are not subject to the federal laws providing compulsory licenses for performing the recordings on terrestrial radio and via non-interactive digital streams, and require permission. CBS, however, argued that it did not play pre-1972 sound recordings, but remastered versions of recordings published from compilations with copyrights registered after 1972, making them separate works subject to federal copyright and eligible for compulsory licenses. The court ruled that
456-543: A major broadcast television network, as NBC divested its radio interests in the 1980s, and ABC sold off its division to Citadel Broadcasting (now part of Cumulus Media ) in 2007. CBS Radio is one of the oldest units within CBS Corporation, and has been around since 1928. However, the actual CBS Radio Network (now CBS News Radio ) was launched in 1927, when CBS itself was known as United Independent Broadcasters. Columbia Records later joined in and that company
513-415: A new broadcast network, The CW . The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model . The network is the result of a merger of The WB (a Warner Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each owned 50% of the network. Tribune Broadcasting (which previously owned
570-432: A new entity known as ViacomCBS (now Paramount Global ), with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded assets. Shari Redstone will also serve as chairwoman of ViacomCBS. On October 29, 2019, National Amusements approved the re-merger deal, to be completed by early December 2019, with the recombined company trading on Nasdaq under
627-584: A pre-arrangement in the 2015 agreement where WSCR would take over airing games after letting the rights to the Chicago White Sox go after the 2015 season (which now broadcast on WGN (AM) ). Prior to the merger with Entercom, CBS Radio operated nearly all of the all-news radio stations in the United States. They included: As part of the merger and in order to comply with FCC Regulations, CBS Radio divested WBZ and ownership of that station
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#1732779780118684-560: A year, and officially closed on November 30. Several other stations, most in smaller markets, were also 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 featured over 200 CBS Radio stations, along with over 200 AOL Radio stations, combining two of
741-899: 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 deal closed on April 1, 2009. On December 20, 2008, CBS Radio announced that it would sell
798-705: The New York Yankees (they had broadcast the Mets until 2014) and WSCR is the flagship station of the Chicago Cubs . In Philadelphia, WPHT , a frequency that had been the longtime home of the Philadelphia Phillies before parting ways after the 2001 season, reacquired the team's broadcast rights in 2005. As of 2012, those games are now simulcast on sister station WIP-FM . KRLD-FM in Dallas
855-550: The Paramount Pictures library. Viacom's international presence could also benefit distribution. On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value and insisting that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. Viacom rejected the offer as being too low, requesting an increase by $ 2.8 billion, and requesting that Bob Bakish be maintained as president and COO under Moonves. It
912-412: The spin-off of the second incarnation of Viacom ; both CBS Corporation and the second Viacom were controlled by National Amusements , a theater company owned by billionaire Sumner Redstone . CBS Corporation comprised the over-the-air television ( CBS and The CW ) broadcasting, television production and distribution , publishing , pay-cable , and recording assets that were previously owned by
969-816: The HD2 channel of KCBS-FM . Much like its competitor Kiss FM , AMP broadcasts contemporary hit radio/top 40 music. In February 2009, the first AMP station was launched in Los Angeles under the callsign KAMP-FM. Over the years, CBS Radio expanded the AMP brand and the CHR/Top 40 format to its stations in Detroit, Boston, Orlando, New York City, Philadelphia, and lastly Dallas. Since the Entercom acquisition in November 2017, all
1026-847: The McAllen and Laredo area stations would be assigned to a U.S. affiliate of the companies that own the Mexican stations programmed by BMP; this happened in 2012 when the stations were sold to R Communications . The stations in Waco were sold to the Bill McCutcheon interests, while REO Radio Group acquired its stations in Austin. In October 2013, the last of BMP, the cluster in San Antonio, was sold to Larry Wilson's L&L Broadcasting for $ 31M. This United States media company article
1083-630: The Viacom channels to be an "albatross," and while he favored more content for CBS All Access (now Paramount+), he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer (MGM), Lionsgate or Sony Pictures . Moonves also considered Bakish a threat as he never wanted an ally of Shari Redstone as a board member of the combined company. Following Moonves' resignation due to sexual harassment allegations, National Amusements agreed in September 2018 to defer any proposal of
1140-555: The acquisition of KOME , an FM radio station that served the San Francisco Bay Area . It became a publicly traded company twice, in 1986, and again in 1992. Westinghouse Electric Corporation acquired CBS, Inc. in 1995 and then acquired Infinity Broadcasting in 1997. Westinghouse, which produced the first radio broadcast on November 2, 1920, with KDKA in Pittsburgh, Pennsylvania , would later change its name to
1197-740: The biggest AC format removal of the company dropping AC for hot adult contemporary on Washington, D.C. 's WIAD in March, followed by New York City 's WWFS on October 12 (both in the Eastern Time Zone ). On August 1, WCFS-FM Chicago removed its AC format for all-news to simulcast WBBM (AM) . By November 2011, WLTE in Minneapolis / St. Paul removed the AC format for Christmas music , only to transition to country music as KMNB on December 26. On April 9, 2012, CBS Radio announced that it
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#17327797801181254-407: The company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-president) Les Moonves , and would include the namesake television network CBS , UPN , Infinity Broadcasting Corporation , Viacom Outdoor , Showtime Networks , and Paramount Television . The split was structured such that the second Viacom
1311-522: The company into two publicly traded companies, amid issues of the stock price stagnating and clashing corporate cultures between the cable and broadcast divisions, which came to a head with the Super Bowl XXXVIII halftime show controversy a year previous with the MTV -produced show causing controversy for game broadcaster CBS . On June 14, 2005, the Viacom board of directors approved the split of
1368-527: The deal at about US$ 234 million. CBS is swapping the stations and US$ 170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. On February 26, 2007, CBS began investing in Electric Sheep, which is a virtual world content developer. CBS hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life". CBS also shot a commercial within
1425-624: The deal due to close in the third quarter of 2008. On July 2 CBS acquired CNET and put it under CBS Interactive . On February 14, 2013, CBS acquired a minority stake in AXS TV in exchange for programming and marketing. On March 26, CBS and Lionsgate entered a 50/50 joint venture to operate the TV Guide Network (TVGN) and TVGuide.com. On May 31, CBS bought the remaining half of TV Guide Digital from Lionsgate . The latter still retained its share of TVGN (later rebranded as Pop) until it
1482-654: The entire Denver cluster (this includes three radio stations) to Wilks Broadcasting for $ 19.5 Million, including KIMN , KWOF , and KXKL-FM . 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 . On February 4, 2010, all CBS Radio stations, as well as AOL Radio and Yahoo! Music Radio restricted all non U.S. listeners from streaming online content. CBS Radio redirected to sister property Last.fm . In July 2010, CBS Radio launched Radio.com . 2011 saw
1539-530: The era of network-owned radio stations in America involving the original Big Three ( ABC , NBC , and CBS ). ABC, however, still owned a few stations outside its original network at the time, primarily under the ESPN Radio umbrella. Following the purchase, Entercom became the second-largest owner of radio stations in the United States in terms of revenue, with a total of 244 stations, and operations in 23 of
1596-413: The establishment of the original CBS Radio Network in 1927, the most recent radio division was formed by the 1997 acquisition of Infinity Broadcasting by CBS owner Westinghouse .In 1999, Infinity became a division of the original Viacom ; in 2005, Viacom spun CBS and Infinity Broadcasting back into a separate company, and the division was renamed CBS Radio. It was the last radio group left to be tied to
1653-535: The first Viacom. It was the world's eighth largest entertainment company in terms of revenue and headquartered at the CBS Building in Midtown Manhattan , New York City . CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global ). The merger was completed on December 4. The first incarnation of Viacom
1710-594: The imaginative Network of the Americas (La Cadena de Las Americas) in 1942. This innovative radio network beamed both news and cultural programming live to North and South America in support of cultural diplomacy and Pan Americanism in accordance with President Franklin Roosevelt 's Good Neighbor policy during World War II. The company that would become CBS Radio was founded in 1972 as Infinity Broadcasting Corporation by Michael A. Wiener and Gerald Carrus, with
1767-681: 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 were folded into the AOL Radio mobile app. In 2008, CBS started the process of paring down its station holdings, with a particular focus on ridding itself of stations in mid-sized markets, and markets where there are no television stations for synergistic advantages. On July 31, 2008, CBS Radio announced that it would sell 50 more radio stations in 12 mid-size markets. however some companies like RBC Capital Markets said CBS Radio
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1824-585: The mid-50s to the present. These included stations in Los Angeles, Dallas , Seattle , Minneapolis and many other cities. New York City, Chicago and Houston had Jack FM stations, too; the New York City station, WCBS-FM has reverted to its traditional oldies format, and Jack (which had been renamed ToNY) was carried on its HD2 subchannel. CBS Radio owned "AMP Radio", a branding created by KROQ-FM program director Kevin Weatherly and APD John Michael on
1881-504: The original CBS Corporation, and reorganize all of its radio properties (including its own Group W stations), as well as its outdoor advertising business, under the Infinity Broadcasting Corporation name. Westinghouse acquired American Radio Systems in September 1997. In 2000, CBS Corporation was merged into Viacom . On December 31, 2005, Viacom spun out its motion picture and cable television assets, with
1938-534: The potential buyers. In July 2016, CBS Radio filed for a planned IPO, which would have spun off the subsidiary as a separate, publicly traded company. On February 2, 2017, CBS Radio announced that it had agreed to merge with Entercom , at the time the fourth-largest radio broadcaster in the United States; the sale was to be conducted using a Reverse Morris Trust so that it would be tax-free. To comply with federal ownership limits Entercom had plans to divest 14 stations. The transaction closed on November 17, 2017, ending
1995-512: The remainder maintained as the second CBS Corporation . In anticipation of this, Infinity Broadcasting was reorganized as CBS Radio. 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
2052-439: The remastered recordings contained "multiple kinds of creative authorship, such as adjustments of equalization, sound editing and channel assignment", with a level of creativity suitable enough to generate a new copyright. On March 15, 2016, CBS Corporation CEO Leslie Moonves stated that the company was exploring strategic alternatives that could result in the sale or spin-off of CBS Radio. Cumulus Media had been named as one of
2109-441: The resignation of Moonves, who opposed all attempts for a Viacom merger. The talks had started following rumors of CBS acquiring Starz from Lionsgate. Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. As part of the re-merger deal, CBS acquired Viacom for up to $ 15.4 billion. On August 13, 2019, CBS and Viacom agreed to merge into
2166-504: The second-largest owner of radio stations in the United States. In the same year, CBS purchased Australian broadcaster Network 10 . The network was previously in voluntary administration . As of November 2018, CBS Corporation ranked 197th on the Fortune 500 list of the largest United States corporations by revenue. CBS Corp. sold Television City to Los Angeles real estate investment company Hackman Capital Partners for $ 750 million in
2223-630: The split, but instead, it dropped approximately 20 percent, while CBS Corporation rose 9 percent, that same year, Paramount Parks became a wholly-owned theme park unit of CBS Corporation. In January 2006, CBS and DIC Entertainment signed a multi-year deal in which DIC bought the Saturday morning airtime as "CBS's Saturday Morning Secret Slumber Party". In June 2006, DiC added a production partner AOL's KOL. Thus, this block would be called " KOL's Saturday Morning Secret Slumber Party on CBS ". On January 24, 2006, CBS Corporation and Warner Bros. created
2280-579: The stations in the aforementioned markets, except for the Los Angeles flagship station, gradually flipped formats. By 2021, the AMP Radio branding was discontinued. CBS Radio was the largest broadcaster of local Major League Baseball broadcasts. In 2005 and 2007 respectively, CBS dropped the St. Louis Cardinals from KMOX and the Pittsburgh Pirates from KDKA, ending two long relationships between
2337-400: 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?" When a settlement
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2394-453: The symbol "VIAC" and "VIACA" after CBS delist its shares on the NYSE. On December 4, the deal was completed, with the merger structured such that CBS Corporation absorbed Viacom and changed its name to ViacomCBS. The board of directors of CBS Corporation included: Border Media Partners During the 2009 Texas Association of Broadcasters meeting in Austin, Texas it was reported that
2451-512: The teams and their flagship stations. However, KMOX reacquired the Cardinals' broadcast rights in 2011, and KDKA's FM sister all-sports station acquired the Pirates' broadcast rights in 2012, in addition to New York Yankees games being renewed on WCBS after the conclusion of the 2011 season, they would have the rights until the end of the 2013 season. CBS's WFAN is the flagship station of
2508-413: The top 25 markets. The CBS News Radio and CBS Sports Radio networks were not included in the sale. However, CBS Sports Radio was continued to be broadcast by Entercom stations that carried its national programming. Hosts and employees of CBS Sports Radio (which has since rebranded as Infinity Sports Network ) are now employees of Audacy, Inc. (formerly Entercom). From 1985 to 2005, Infinity/CBS Radio
2565-683: The virtual world Second Life to promote its show Two and a Half Men . Another project that Electric Sheep was working on for CBS was a Star Trek -themed area in Second Life. By investing in Electric Sheep, CBS hoped to expand its activity "beyond the living room". On March 20, CBS/CSTV had acquired MaxPreps , an online high school sports network. On April 12, CBS Corporation created the CBS Interactive Audience Network. On May 30, 2007, CBS Interactive bought Last.fm for £140 million. On May 15, 2008, CBS Interactive agreed to buy CNET Networks for $ 1.8 billion, with
2622-469: Was acquired by CBS on March 12, 2019. On July 16, CBS agreed to sell CBS Outdoor International to Platinum Equity for about $ 225 million. The CBS Outdoor division began trading as a separate company on the NYSE under "CBSO" on March 28, 2014. CBS Outdoor would be fully divested from CBS by July into an independent real estate investment trust, renamed as Outfront Media . On November 17, 2017, CBS Corporation sold CBS Radio to Entercom , making that company
2679-461: 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. The rights, costing Sirius approximately $ 2 million, equates to approximately $ 87 per-hour of tape. As of 2009, the Free FM branding has been discontinued in all markets, and no former Free FM station continues to have
2736-966: 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 announced it had filed a lawsuit against Stern, his agent Don Buchwald, and Sirius, arguing that Stern promoted Sirius "to enrich himself unfairly". It also claimed that Stern "repeatedly and willfully" 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
2793-522: Was created in 1952 as the television syndication division of CBS and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric . The prior CBS Corporation also owned CMT and The Nashville Network (TNN), which remained Viacom properties after the 2005 split, but the prior CBS did not own UPN , Showtime , Paramount Television , Paramount Parks , or Simon & Schuster . In March 2005, Viacom contemplated splitting
2850-541: Was planned and Disney 's plan to acquire bulk of 21st Century Fox assets and the heavy competition from companies such as Netflix and Amazon . Shortly afterward, it was reported that the combined company could be a suitor for acquiring the film studio Lionsgate (which handled US distribution and global sales for CBS Films ). A re-merger could benefit CBS's streaming service CBS All Access , as it could potentially have access to content from core Viacom brands such as Comedy Central , MTV , and Nickelodeon , as well as
2907-640: 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 Columbia Broadcasting System. In 1940, Paley also joined forces with the journalist Edmund Chester at CBS Radio and Nelson Rockefeller at the Department of State's Office of the Coordinator of Inter-American Affairs to launch
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#17327797801182964-505: Was reported these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership. Eventually, on May 14, 2018, CBS Corporation sued National Amusements and accused Shari Redstone of abusing her voting power and forcing a merger that was not supported by it or Viacom . CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. On May 23, 2018, Les Moonves stated that he considered
3021-635: Was selling its West Palm Beach cluster of stations to Palm Beach Broadcasting for $ 50 Million. On December 1, 2014, CBS Radio traded 14 stations—its Charlotte, North Carolina and Tampa Bay clusters as well as WIP (now WTEL (AM) ) in Philadelphia —to Beasley Broadcast Group in exchange for WRDW-FM (now WTDY-FM ) and WXTU in Philadelphia and WKIS , WPOW , and WQAM in Miami . In May 2016, Judge Percy Anderson ruled in favor of CBS Radio in
3078-496: Was spun off from the first Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spin-off. However, in this case, CBS retained virtually all of the prior firm's broadcast television assets, including its various syndication companies. With the split, the two companies began trading on the New York Stock Exchange (NYSE) on January 3, 2006. Investors anticipated Viacom benefiting from
3135-602: Was the flagship station for the Texas Rangers before the 2011 season. In 2015, the Chicago Cubs moved its radio broadcasts to CBS property WBBM (AM) from its longtime home of WGN (AM) . That same year, the Baltimore Orioles began its second stint on all-sports WJZ-FM , four years after it was moved back to its traditional home of WBAL (AM) . In 2016, the Cubs rights moved to sister station WSCR as part of
3192-421: Was the home of controversial and top-rated talk show host Howard Stern , who left for subscription-based satellite radio 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
3249-516: Was transferred to iHeartMedia . CBS Corporation The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation ) was an American multinational media company with interests primarily in commercial broadcasting , publishing , and television production . It was formed on December 31, 2005, as the legal successor of the original Viacom , following
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