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Westinghouse Electric Corporation acquired Infinity Broadcasting Corporation in a transaction valued at $4.9 billion.
Answer: True
Explanation: Westinghouse Electric Corporation completed the acquisition of Infinity Broadcasting Corporation for $4.9 billion.
Viacom acquired complete ownership of Infinity Broadcasting Corporation in the year 2000.
Answer: False
Explanation: Viacom became the majority owner (80%) of Infinity Broadcasting Corporation in 2000 following its merger with CBS Corporation. Full ownership was acquired later, in 2002.
The 2000 merger between Viacom and CBS Corporation resulted in Viacom holding an 80% ownership stake in Infinity Broadcasting Corporation.
Answer: True
Explanation: The merger of Viacom and CBS Corporation in May 2000 led to Viacom controlling 80% of Infinity Broadcasting Corporation.
What was the valuation of the acquisition of Infinity Broadcasting Corporation by Westinghouse Electric Corporation?
Answer: $4.9 billion
Explanation: Westinghouse Electric Corporation acquired Infinity Broadcasting Corporation in a deal valued at $4.9 billion.
What significant event involving Viacom and CBS Corporation occurred in May 2000?
Answer: Viacom merged with CBS Corporation, retaining 80% ownership of Infinity.
Explanation: In May 2000, Viacom completed its merger with CBS Corporation, resulting in Viacom controlling 80% of Infinity Broadcasting Corporation.
What was Infinity Broadcasting Corporation's relationship with CBS Corporation?
Answer: CBS Corporation acquired Infinity, later spun off parts, and eventually renamed the radio division back to CBS Radio.
Explanation: CBS Corporation, through its parent Westinghouse, acquired Infinity. Later, CBS spun off radio assets, re-establishing Infinity as a public entity, before Viacom's merger with CBS and the eventual renaming of the radio division back to CBS Radio.
Which company did Viacom acquire in May 2000, leading to Viacom's majority ownership of Infinity Broadcasting Corporation?
Answer: CBS Corporation
Explanation: Viacom acquired CBS Corporation in May 2000, which subsequently resulted in Viacom holding a majority stake in Infinity Broadcasting Corporation.
The acquisition of Infinity Broadcasting Corporation by Westinghouse Electric Corporation was completed on what date?
Answer: December 31, 1996
Explanation: Westinghouse Electric Corporation's acquisition of Infinity Broadcasting Corporation was finalized on December 31, 1996.
Which statement accurately describes the relationship between Infinity Broadcasting Corporation and Viacom following the 2000 merger?
Answer: Viacom held 80% ownership, operating Infinity as its radio division.
Explanation: After Viacom's merger with CBS Corporation in 2000, Viacom held an 80% ownership stake in Infinity Broadcasting Corporation, functioning as its radio division.
Mel Karmazin joined Infinity Broadcasting Corporation in 1981 and subsequently rose to become its Chief Executive Officer.
Answer: True
Explanation: Mel Karmazin joined Infinity Broadcasting Corporation in 1981 and eventually ascended to leadership positions, including CEO of CBS Radio after subsequent corporate developments.
Following the merger with Westinghouse, Mel Karmazin assumed the role of CEO for the entirety of the CBS Corporation.
Answer: False
Explanation: While Mel Karmazin held significant leadership roles, including CEO of CBS Radio and overseeing the television network after the Westinghouse merger, he did not become the CEO of the entire CBS Corporation.
Mel Karmazin resigned in 2004 due to a desire to lead the entire Viacom corporation.
Answer: False
Explanation: Mel Karmazin resigned in May 2004 primarily due to significant differences with Viacom CEO Sumner Redstone and finding it difficult to remain in a subordinate role.
Who was Mel Karmazin, and what key role did he hold within the Infinity/CBS structure?
Answer: President and later Chairman/CEO of CBS Radio
Explanation: Mel Karmazin joined Infinity Broadcasting Corporation in 1981, eventually becoming its president, and later held significant leadership positions including Chairman and CEO of CBS Radio.
Why did Mel Karmazin resign from Viacom in May 2004?
Answer: He had significant differences with CEO Sumner Redstone and found it difficult being 'No. 2'.
Explanation: Karmazin cited significant disagreements with Viacom CEO Sumner Redstone and his own difficulty in functioning as the second-in-command as reasons for his resignation.
What was the primary reason cited for Mel Karmazin's departure from Viacom?
Answer: Significant differences with Sumner Redstone and dissatisfaction with his subordinate role.
Explanation: Karmazin resigned due to significant differences with Sumner Redstone and his own discomfort with his subordinate position within Viacom.
The Telecommunications Act of 1996 significantly restricted Infinity Broadcasting Corporation's capacity for station acquisition.
Answer: False
Explanation: The Telecommunications Act of 1996 actually loosened ownership restrictions, thereby facilitating Infinity Broadcasting Corporation's expansion and acquisition of more stations.
Which legislative act significantly facilitated Infinity Broadcasting Corporation's expansion by loosening ownership rules?
Answer: The Telecommunications Act of 1996
Explanation: The Telecommunications Act of 1996 deregulated broadcast ownership rules, enabling companies like Infinity Broadcasting Corporation to grow substantially through acquisitions.
Infinity Broadcasting Corporation's primary business operations were centered on television broadcasting and outdoor advertising.
Answer: False
Explanation: The primary industry of Infinity Broadcasting Corporation was radio broadcasting, although it also maintained operations in outdoor advertising. Television broadcasting was not a primary focus.
Infinity Broadcasting Corporation acquired the French outdoor advertising firm Giraudy SA.
Answer: True
Explanation: As part of its diversification, Infinity Broadcasting Corporation acquired the French outdoor advertising company Giraudy SA.
The outdoor advertising division, Infinity Outdoor, was merged into CBS Radio following Viacom's acquisition.
Answer: False
Explanation: The Infinity Outdoor division was separated and renamed Viacom Outdoor in 2002, rather than being merged into CBS Radio.
Howard Stern was never associated with Infinity Broadcasting Corporation.
Answer: False
Explanation: Howard Stern was a prominent radio personality associated with Infinity Broadcasting Corporation during his tenure.
Infinity Broadcasting Corporation maintained its corporate headquarters in Los Angeles.
Answer: False
Explanation: Infinity Broadcasting Corporation was headquartered in New York City, New York.
Don Imus and Mike Francesa were radio personalities associated with Infinity Broadcasting Corporation.
Answer: True
Explanation: Prominent radio personalities such as Don Imus and Mike Francesa were associated with Infinity Broadcasting Corporation.
What was the primary industry in which Infinity Broadcasting Corporation operated?
Answer: Radio broadcasting
Explanation: Infinity Broadcasting Corporation's core business was radio broadcasting, although it also had interests in outdoor advertising.
Which of the following radio personalities was NOT associated with Infinity Broadcasting Corporation, according to the provided information?
Answer: Rush Limbaugh
Explanation: While Howard Stern, Opie and Anthony, and Don Imus were associated with Infinity Broadcasting Corporation, Rush Limbaugh is not mentioned in the source material as being affiliated with the company.
What was the disposition of Infinity Broadcasting Corporation's outdoor advertising division, Infinity Outdoor, in 2002?
Answer: It was separated and renamed Viacom Outdoor.
Explanation: In 2002, Infinity Outdoor was separated from the broadcasting company and subsequently rebranded as Viacom Outdoor.
Infinity Broadcasting Corporation officially reverted to the name CBS Radio on December 14, 2005.
Answer: True
Explanation: On December 14, 2005, Infinity Broadcasting Corporation was renamed CBS Radio as part of a corporate restructuring.
Entercom acquired CBS Radio in 2017, and this entity is now known as Audacy, Inc.
Answer: True
Explanation: Entercom acquired CBS Radio in 2017, and the company subsequently rebranded itself as Audacy, Inc.
The website infinityradio.com is currently defunct and no longer redirects.
Answer: False
Explanation: As of recent information, the infinityradio.com website redirects to audacy.com, indicating it is actively managed to preserve the trademark.
The Infinity brand is currently utilized by Audacy for a sports network.
Answer: True
Explanation: Audacy has repurposed the Infinity brand for its Infinity Sports Network and a syndication unit, continuing its legacy in sports broadcasting.
Following the company's official name change to CBS Radio in 2005, the Infinity Radio name and logo were maintained solely to preserve trademark rights.
Answer: True
Explanation: The Infinity Radio name and logo were retained after 2005, primarily for use on an online station, to preserve trademark rights for the brand.
Post the 2005 Viacom split, the entity formerly known as Infinity Broadcasting Corporation became part of the newly revived Viacom.
Answer: False
Explanation: After the 2005 Viacom split, the former Infinity Broadcasting Corporation entity was renamed CBS Radio and became part of the revived CBS Corporation, not Viacom.
The Infinity brand has been repurposed by Audacy for its Infinity Sports Network and a syndication unit named Infinity Networks.
Answer: True
Explanation: Audacy has revitalized the Infinity brand by utilizing it for the Infinity Sports Network and a syndication unit, Infinity Networks.
The sale of CBS Radio to Entercom occurred in the year 2005.
Answer: False
Explanation: The sale of CBS Radio to Entercom took place in 2017, not 2005.
On what date did Infinity Broadcasting Corporation cease to operate under that name, reverting to CBS Radio?
Answer: December 14, 2005
Explanation: Infinity Broadcasting Corporation officially changed its name back to CBS Radio on December 14, 2005.
What is the current status of the domain infinityradio.com as of 2021?
Answer: It redirects to audacy.com.
Explanation: As of 2021, the domain infinityradio.com redirects to audacy.com, indicating continued management for trademark purposes.
How was the Infinity brand maintained after the company officially became CBS Radio in 2005?
Answer: It was used for an online-only station to preserve trademark rights.
Explanation: The Infinity Radio name and logo were utilized for an online-only station to preserve trademark rights following the company's reversion to CBS Radio.
Which company eventually acquired CBS Radio, the successor entity to Infinity Broadcasting Corporation?
Answer: Entercom
Explanation: Entercom acquired CBS Radio in 2017. Entercom is the company that is now known as Audacy, Inc.
What is the current name of the company that acquired CBS Radio, the successor entity to Infinity Broadcasting Corporation?
Answer: Audacy, Inc.
Explanation: Entercom acquired CBS Radio in 2017 and subsequently rebranded itself as Audacy, Inc.
What was the purpose of utilizing the Infinity Radio name and logo for an online station after 2005?
Answer: To preserve trademark rights for the Infinity brand.
Explanation: The Infinity Radio name and logo were used for an online station primarily to maintain and preserve the trademark rights associated with the Infinity brand.
What occurred with CBS Corporation after the Viacom split in 2005?
Answer: It was revived, and the former Infinity Broadcasting entity became CBS Radio under its umbrella.
Explanation: Following the 2005 Viacom split, CBS Corporation was revived, and the entity formerly known as Infinity Broadcasting Corporation was renamed CBS Radio and integrated into the revived CBS Corporation.