Editing CBS (section)

== History ==
{{Main|History of CBS}}
The network has its origins in '''United Independent Broadcasters, Inc.''', a radio network founded in [[Chicago]] by New York City [[talent agent]] [[Arthur Judson]] in January 1927. In April of that year, the Columbia Phonograph Company, parent of [[Columbia Records]]' record label, invested in the network, resulting in its rebranding as the '''Columbia Phonographic Broadcasting System''' ('''CPBS''').<ref name="bartow">{{cite book |author=[[Erik Barnouw]] |title=A Tower in Babel: A History of Broadcasting in the United States to 1933 |publisher=Oxford University Press |year=1966 |isbn=978-0-19-500474-8 |location=New York City |pages=222–261}}</ref>  In early 1928, Judson and Columbia sold the network to Isaac and Leon Levy, two brothers who owned [[WPHT|WCAU]], the network's Philadelphia affiliate, as well as their partner Jerome Louchheim. They installed William S. Paley, an in-law of the Levys, as president of the network. With the Columbia record label out of ownership, Paley rebranded the network as the '''Columbia Broadcasting System'''.<ref>{{cite news|title=William S. Paley, Who Built CBS Into a Communications Empire, Dies at 89|url=https://www.nytimes.com/1990/10/28/obituaries/william-s-paley-who-built-cbs-into-a-communications-empire-dies-at-89.html|author=Jeremy Gerard|newspaper=The New York Times|date=October 28, 1990|access-date=February 6, 2017|archive-url=https://web.archive.org/web/20121116110012/http://www.nytimes.com/1990/10/28/obituaries/william-s-paley-who-built-cbs-into-a-communications-empire-dies-at-89.html?pagewanted=all|archive-date=November 16, 2012|url-status=live}}</ref> By September 1928, Paley became the network's majority owner with 51 percent of the business.<ref name="berg">{{cite book |author=[[Laurence Bergreen]] |url=https://archive.org/details/looknowpaylaterr00berg |title=Look Now, Pay Later: The Rise of Network Broadcasting |publisher=Doubleday and Co. |year=1980 |isbn=978-0-451-61966-2 |location=New York City |page=[https://archive.org/details/looknowpaylaterr00berg/page/59 59] |url-access=registration}}</ref> [[Paramount Pictures]] then acquired the other 49 percent of CBS in 1929, but the [[Great Depression]] eventually forced the studio to sell its shares back to the network in 1932.<ref name="bartow" /> CBS would then remain primarily an independent company throughout the next 63 years. Under Paley's guidance, CBS would first become one of the largest radio networks in the United States and eventually one of the Big Three American broadcast television networks. CBS ventured and expanded its horizons through television starting in the 1940s, spinning off its broadcast syndication division [[Viacom (1952–2005)|Viacom]] to a separate company in 1971. In 1974, CBS dropped its original full name and became known simply as '''CBS, Inc.''' The company was listed on the [[New York Stock Exchange]] under the ticker symbol "CBS". The [[Westinghouse Electric Corporation]] acquired the network in 1994, renaming its legal name to the current CBS Broadcasting Inc. two years later, and in 1997 adopted the name of the company it had acquired to become [[CBS Corporation]]. In 1999, CBS came under the control of [[Viacom (1952–2006)|the original incarnation of Viacom]], which was formed as a spin-off of CBS in 1971. In 2005, Viacom split itself into two separate companies and re-established CBS Corporation through the [[corporate spin-off|spin-off]] of its broadcast television, radio and select [[cable television]] and non-broadcasting assets, with the CBS network at its core.<ref>{{Cite news|last=Barnes|first=Matthew Karnitschnig and Brooks|date=July 22, 2006|title=CBS and Viacom Find Life Tough After the Big Split|work=[[The Wall Street Journal]]|url=https://www.wsj.com/articles/SB115353261435314387|access-date=September 10, 2021|issn=0099-9660|archive-date=September 10, 2021|archive-url=https://web.archive.org/web/20210910154806/https://www.wsj.com/articles/SB115353261435314387|url-status=live}}</ref><ref>{{Cite news|author=Bloomberg News|date=January 2, 2006|title=Viacom Completes Split Into 2 Companies|newspaper=The New York Times|url=https://www.nytimes.com/2006/01/02/business/media/viacom-completes-split-into-2-companies.html|access-date=September 10, 2021|issn=0362-4331|archive-date=November 1, 2021|archive-url=https://web.archive.org/web/20211101043413/https://www.nytimes.com/2006/01/02/business/media/viacom-completes-split-into-2-companies.html|url-status=live}}</ref><ref>{{Cite web|title=Viacom board approves plan to split company|url=https://www.nbcnews.com/id/wbna8219102|access-date=September 10, 2021|website=NBC News|date=June 14, 2005 |archive-date=September 10, 2021|archive-url=https://web.archive.org/web/20210910154807/https://www.nbcnews.com/id/wbna8219102|url-status=live}}</ref> CBS Corporation was controlled by [[Sumner Redstone]] through [[National Amusements]], which also controlled [[Viacom (2005–2019)|the second incarnation of Viacom]] until December 4, 2019, when the two separated companies [[2019 merger of CBS and Viacom|agreed to re-merge]] to become ViacomCBS (now known as Paramount Global). Following the sale, CBS and its other broadcasting and entertainment assets were reorganized into a new division, CBS Entertainment Group.

CBS operated the [[CBS Radio]] network until 2017 when it sold its radio division to Entercom (now known as [[Audacy, Inc.]] since 2021).<ref>{{Cite magazine|date=November 17, 2017|title=Entercom Finalizes Merger With CBS Radio, Becoming No. 2 Radio Operator in US|url=http://www.billboard.com/articles/business/8039439/entercom-cbs-radio-merger-finalized-no-2-radio-operator|access-date=July 16, 2020|magazine=Billboard|archive-date=July 16, 2020|archive-url=https://web.archive.org/web/20200716224536/https://www.billboard.com/articles/business/8039439/entercom-cbs-radio-merger-finalized-no-2-radio-operator|url-status=live}}</ref> Before this, CBS Radio mainly provided news and feature content for its portfolio of [[owned-and-operated station|owned-and-operated radio stations]] in large and mid-sized markets, as well as its [[network affiliate|affiliated]] radio stations in various other markets. While CBS Corporation common shareholders (i.e. not the multiple-voting shares held by National Amusements) were given a 72% stake in the combined Entercom,<ref>{{Cite news|date=February 2, 2017|title=CBS to merge its radio business with Entercom|work=Reuters|url=https://www.reuters.com/article/us-entercom-comm-m-a-cbs-corp-idUSKBN15H1MW|access-date=July 16, 2020|archive-date=July 16, 2020|archive-url=https://web.archive.org/web/20200716034814/https://www.reuters.com/article/us-entercom-comm-m-a-cbs-corp-idUSKBN15H1MW|url-status=live}}</ref> CBS no longer owns or operates any radio stations directly; however, it still provides radio news broadcasts to its radio affiliates and the new owners of its former radio stations, and licenses the rights to use CBS trademarks under a long-term contract. The television network has over 240 owned-and-operated and affiliated television stations throughout the United States, some also available in Canada via pay-television providers or in [[Canada–United States border|border areas]] over-the-air.