Special Events :: U.S. Business Hall of Fame

 

Laureate Archive | Alpha Order: P
William S. Paley
Columbia Broadcasting System
William S. Paley
(1901 - 1990)
Inducted: 1984
Region: Northeast
Industry: Communications
Entertainment
William S. Paley believed that radio was on the threshold of a great awakening in 1928 so he bought control of a poorly managed network of 16 stations. Paley instinctively grasped radio's potential as a medium of mass entertainment and commercial advertising. His brilliance in radio readily translated to television. He had a genius for programming and took immense pride in CBS’s news operation. During his tenure, CBS achieved a reputation for quality. He turned the Columbia Broadcasting System into one of the most lucrative ventures of the century.