CBS Records Reborn For The Internet Age

“In contrast to the lavish excesses of the music business of the 1970s and 1980s, the new incarnation of CBS Records, to be unveiled today, will start out small. CBS plans to sign a handful of songwriters whose music will be incorporated into shows on the CBS broadcast network, the youth-oriented CW television network and the company’s fledgling digital platforms. … CBS is betting that it can exploit the weakness in the music industry by signing recording artists who are hungry for support and promotion.”