Paley, William S.
- Albert Auster
Paley, William S. (28 September 1901–26 October 1990), broadcasting executive, was born in Chicago, Illinois, the son of Samuel Paley, a cigar manufacturer, and Goldie Drell. Paley received a B.S. from the University of Pennsylvania in 1922. He then went into his family’s successful cigar business. In 1927 he became interested in broadcasting when his family business began advertising over a Philadelphia radio station. In 1928, when the financially troubled Columbia Phonographic Broadcasting System, then consisting of twenty-two affiliates and sixteen employees, came up for sale, the Paley family purchased it for $400,000. It was renamed the Columbia Broadcasting System (CBS), with William Paley as its president....