subsidiary, in 1934.

1938-1970: Columbia/CBS Records

In 1938, ARC was acquired by the Columbia Broadcasting System (CBS) under the guidance of chief executive William S. Paley. The company was later renamed Columbia Recording Corporation, and changed again to Columbia Record Corporation in 1947. Edward Wallerstein, who served as the head of Columbia Records since the late 1930s, helped establish the company as

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