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Under the direction of the enterprising Paley as the network’s longtime chairman, CBS made media history beginning in the late 1920s.
The company was incorporated in 1927 as United Independent Broadcasters, Inc.
From 22 stations in 1928, the network grew to 114 stations in a decade.
Peter Goldmark of CBS laboratories invented high-fidelity long-playing records, and the Columbia record label introduced them to the public in 1948.
However, he returned to WCBS-TV in 1983, resuming work as a reporter and adding anchor duties.
To mark this transformation Westinghouse in 1997 dropped its own corporate name and assumed the name CBS Corporation.
In 2017, however, CBS Radio was acquired by Entercom Communications.
Holt’s various honours include the Walter Cronkite Award for Excellence in Journalism (2019).
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