Broadcast.com

Broadcast.com

Broadcast.com was a web radio company founded as "AudioNet" in 1992 by Chris Jaeb. Todd Wagner and Mark Cuban later led the organization to hugely capitalize on the dot-com bubble and be sold to Yahoo.com.

The original company was called Cameron Broadcast Systems after its founder's first name Cameron Christopher Jaeb. The original idea; a hand-held shortwave radio that would receive broadcasts inside a sports venue then morphed to a hand-held device that would receive customized satellite broadcasts. The Internet had begun to gain popularity at this time and Jaeb hired Debian Social Contract founder Ean Schuessler and his brother to consult on bringing the idea to the Internet. The Schuesslers expanded the concept beyond sports and produced marketing materials and presentations for Jaeb to promote his idea. Jaeb then began soliciting the rights to broadcast radio live on the Internet. KLIF in Dallas, KFI Los Angleles, KOA Denver, and KPLX in Dallas were some of the first. Later college sports came on and still later the NBA and NFL. As the company grew, AudioNet expanded from mainly broadcasting sporting events to broadcasting presidential conventions and many other events. With the support of his father Tom Jaeb he incorporated, formed a board and sold stock. Todd Wagner, an attorney at Akin Gump Strauss Hauer & Feld, was hired a few years later. When it was time to go public they brought on Mark Cuban; Wagner's college roommate. In January 1998, just prior to the IPO, the name was changed from AudioNet to Broadcast.com. Broadcast.com set (at the time) a one-day record for IPOs by rising almost 250% percent from its opening price. The stock closed up at $62.75 per share from their initial trading at $18 per share.

The record IPO made instant financial successes out of the company's employees through stock options, making 100 employees millionaires on paper (although most of them were unable to exercise their options and sell their shares before the stock price dropped) and founders Cuban and Wagner billionaires.

In April 1999, Yahoo! acquired the company for $5.7 billion in stock and renamed it Yahoo! Broadcast Solutions. Over the next few years Yahoo! split the services previously offered by Broadcast.com into separate services, Yahoo! Launchcast for music and Yahoo! Platinum for video entertainment. Yahoo! Platinum has since been discontinued, its functionality being offered as part of two pay services, AT&T Yahoo! High Speed Internet and Yahoo! Plus.

As of 2007, neither broadcast.com nor broadcast.yahoo.com are distinct web addresses; both simply redirect to yahoo.com.

References

External links

* [http://web.archive.org/web/19981201183119/broadcast.com/about/ Broadcast.com] via the [http://archive.org Internet Archive]
* [http://www.sbtechnology.com/new/news_temp.asp?NewsID=29 Link describing Chris Jaeb as a Broadcast.com founder]


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Broadcast-safe — or broadcast legal or legal signal is a term used in the broadcast industry to define video and audio compliant with the technical or regulatory broadcast requirements of the target area or region the feed might be broadcasting to [… …   Wikipedia

  • Broadcast signal intrusion — is a term given to the act of hijacking broadcast signals of radio and television stations. Hijacking incidents have involved local TV and radio stations as well as cable and national networks. Method of intrusion For analog stations it is… …   Wikipedia

  • Broadcast radiation — is the accumulation of broadcast and multicast traffic on a computer network. Extreme amounts of broadcast traffic constitute a broadcast storm. A broadcast storm can consume sufficient network resources so as to render the network unable to… …   Wikipedia

  • Broadcast Television Systems Inc. — Broadcast Television Systems Inc. In 1986 Robert Bosch GmbH s Fernseh Division entered into a new joint venture with Philips Broadcast in Breda, Netherlands. This new Company was called Broadcast Television Systems Inc. or BTS inc. Philips had… …   Wikipedia

  • Broadcast automation — is the use of technology to automate broadcasting operations. Used either at a station or a network, it is used to run a facility in the absence of a human operator. They can also run in a live assist when there are on air personnel present at… …   Wikipedia

  • Broadcast journalism — is the field of news and journals which are broadcast , that is, published by electrical methods, instead of the older methods, such as printed newspapers and posters. Broadcast methods include radio (via air, cable, and Internet), television… …   Wikipedia

  • Broadcast Wave Format — (BWF) is an extension of the popular Microsoft WAVE audio format and is the recording format of most file based non linear digital recorders used for motion picture and television production.It was first specified by the European Broadcasting… …   Wikipedia

  • Broadcast quality — is an ambiguous term used to denote the quality achieved by professional Camcorders used for television broadcasts, usually in standard definition. As the standards for television broadcasts have changed, the term has become more nebulous… …   Wikipedia

  • Broadcast Drive — (zh tspcy|t=廣播道|s=广播道|p=Guǎngbō Dào|cy=gwong2 bo3 dou6) is a road in Kowloon Tong, Hong Kong. The road is notable as having played host to five broadcasting outlets in Hong Kong at one point in the 1970s, and the hill on which the road is located …   Wikipedia

  • Broadcast Center — is a private vocational school located in St. Louis, Missouri, that provides training in the broadcast industry in radio and television talent, production, and marketing positions. Broadcast Center first opened in 1972 in the St. Louis suburb of… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”