#201996

June 20,1996, the day radio as we knew it died. It was on that day that Westing…

[ad_1] June 20,1996, the day radio as we knew it died.

It was on that day that Westinghouse Electric became the first entity to cash in on the new 1996 Telecommunications Act by purchasing Infinity Broadcasting for 3.9 billion dollars. The act relaxed restrictions on how many radio and TV stations one company could own in a single market.

By allowing one owner to own multiple FM radio stations in…