William S. Paley Biography, Age, Height, Wife, Net Worth and Family

Age, Biography and Wiki

William S. Paley (William Samuel Paley) was born on 28 September, 1901 in Chicago, Illinois, U.S., is a President. Discover William S. Paley's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 89 years old?

We recommend you to check the complete list of Famous People born on 28 September. He is a member of famous President with the age 89 years old group.

William S. Paley Height, Weight & Measurements

At 89 years old, William S. Paley height not available right now. We will update William S. Paley's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Who Is William S. Paley's Wife?

His wife is Dorothy Hart Hearst (m. 1932-1947) Barbara "Babe" Cushing Mortimer (m. 1947-1978)

William S. Paley Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is William S. Paley worth at the age of 89 years old? William S. Paley’s income source is mostly from being a successful President. He is from Illinois. We have estimated William S. Paley's net worth , money, salary, income, and assets.

William S. Paley Social Network

Timeline

Over the years, Paley sold portions of his family stockholding in CBS. At the time of his death, he owned less than nine percent of the outstanding stock. In 1995, five years after Paley's death, CBS was bought by Westinghouse Electric Corporation and, in 1999, by Viacom, which itself was once a subsidiary of CBS. Today, CBS is owned by Paramount Global, after merging with the "new" Viacom in 2019. National Amusements is the majority owner of Paramount.

Paley died of kidney failure on October 26, 1990, less than a month after his 89th birthday. He was buried at the Memorial Cemetery of St. John's Episcopal Church.

Paley was a notorious womanizer his entire life. Indeed, his first marriage to Dorothy ended when a newspaper published a suicide note written to Paley by a former girlfriend. As a result of another relationship he provided a stipend to a former lover, actress Louise Brooks, for the rest of her life. In his later years he enjoyed keeping company with several women. Paley was included in a list of the ten most eligible bachelors compiled by Cosmopolitan magazine in 1985; the irony of the octogenarian Paley being on the list was an inspiration for Late Night with David Letterman's nightly Top Ten lists.

The Paley Center for Media was founded by Paley in New York City in 1976 as the Museum of Broadcasting. From 1991 to 2007, it was known as The Museum of Television and Radio; its new location was known as the Paley Building. An L.A. branch opened in 1996, and closed in 2020.

In 1974, Paley dedicated the second building at the S.I. Newhouse School of Public Communications at Syracuse University. He also personally dedicated the Samuel L. Paley library at Temple University named in honor of his father.

In 1972, Paley ordered the shortening of a second installment of a two-part CBS Evening News series on the Watergate scandal, based on a complaint by Charles Colson, an aide to President Richard Nixon. And later, Paley briefly ordered the suspension of instant and often negatively critical analyses by CBS news commentators which followed presidential addresses.

In 1964, CBS purchased the New York Yankees from Del Webb. Subsequently, the storied baseball team fell into mediocrity, not making the postseason for the next ten years. In 1973, Paley sold the team at its low ebb for $8.7 million to Cleveland shipbuilder George Steinbrenner and a group of investors. Under the Steinbrenner regime, the Yankees grew in value to what, in April 2006, Forbes magazine estimated was $1.26 billion, or about $280 million in 1973 dollars.

During the 1963–1964 television season, 14 of the top 15 shows on prime-time and the top 12 shows of daytime television were on CBS. Aubrey, however, fought constantly with Fred W. Friendly of CBS News, and Paley did not like Aubrey's taste in low-brow programming. Aubrey and Paley bickered to the point that Aubrey approached Frank Stanton to propose a take-over of CBS. The takeover never materialized and, when CBS's ratings began to slip, Paley fired Aubrey in 1965.

In 1959, James T. Aubrey Jr. became the president of CBS. Under Aubrey, the network became the most popular on television with shows like The Beverly Hillbillies and Gilligan's Island. However, Paley's personal favorite was Gunsmoke; in fact, he was such a fan of Gunsmoke that, upon its threatened cancellation in 1967, he demanded that it be reinstated, a dictum that led to the abrupt demise of Gilligan's Island, which had already been renewed for a fourth season.

The relationship between Paley and his news staff was not always smooth. His friendship with Edward R. Murrow, one of the leading lights in the CBS news division (and by then a vice president of CBS), suffered during the 1950s over the hard-hitting tone of the Murrow-hosted See It Now series. The implication was that the network's sponsors were uneasy about some of the controversial topics of the series, leading Paley to worry about lost revenue to the network as well as unwelcome scrutiny during the era of McCarthyism. In 1955, Alcoa withdrew its sponsorship of See It Now, and eventually the program's weekly broadcast on Tuesdays was stopped, though it continued as a series of special segments until 1958.

Dorothy began to become estranged from Paley during the early 1940s because of his infidelity. They divorced on July 24, 1947, in Reno, Nevada. She retained custody of their two adopted children, Jeffrey Paley and Hilary Paley. In 1953, Dorothy married stockbroker Walter Hirshon; they divorced in 1961.

Paley married divorcée, socialite and fashion icon Barbara "Babe" Cushing Mortimer (1915–1978) on July 28, 1947. She was the daughter of renowned neurosurgeon Harvey Cushing. William and Babe Paley, in spite of their successes and social standing, were barred from being members of country clubs on Long Island because he was Jewish. As an alternative, the Paleys built a summer home, "Kiluna North," on Squam Lake in New Hampshire and spent the summers there for many years, routinely entertaining their many friends, including Lucille Ball, Grace Kelly, and David O. Selznick. The couple had two children, William and Kate.

During World War II, Paley served as director of radio operations of the Psychological Warfare branch in the Office of War Information at Allied Force Headquarters in London, where he held the rank of colonel. While based in England during the war, Paley came to know and befriend Edward R. Murrow, CBS's head of European news who expanded the news division's foreign coverage with a team of war correspondents later known as the Murrow Boys. In 1946, Paley promoted Frank Stanton to president of CBS. CBS expanded into TV and rode the postwar boom to surpass NBC, which had dominated radio.

As early as 1940 Paley envisioned the creation of a network division within CBS tasked with serving much of South America. In collaboration with his news director Paul White and his director of short wave operations Edmund Chester, Paley laid the foundation for a chain of sixty-four stations in eighteen countries which would subsequently be known as La Cadena de las Americas (The Network of the Americas). By 1942, Paley's innovative network was broadcasting both news and cultural programming live from CBS in New York City in cooperation with the government's Office of the Coordinator of Inter-American Affairs under the direction of a young Nelson Rockefeller. During World War II, these broadcasts played a central role in promoting cultural diplomacy and Pan Americanism as part of President Franklin Roosevelt's Good Neighbor Policy.

In the 1940s, William Paley and his brother-in-law, Leon Levy formed Jaclyn Stable, which owned and raced a string of thoroughbred race horses. Paley formed a modern art collection with as many as 40 major works, and he enjoyed photographing Picasso in Cap d'Antibes. Like Picasso, Paley drove an exotic French Facel Vega Facel II, the fastest four-seater car in the world in the early 1960s.

CBS has owned the Columbia Record Company and its associated CBS Laboratories since 1939. In June 1948, Columbia Records introduced the 33-1/3-rpm LP record, which could hold more than 20 minutes' worth of music on each side, and became a standard recording format through the 1970s. Also, CBS Laboratories and Peter Goldmark developed a method for color television. After lobbying by RCA President David Sarnoff and Paley in Washington, D.C., the Federal Communications Commission (FCC) approved the CBS system, but later reversed the decision based on the CBS system's incompatibility with black and white receivers. The new, compatible RCA color system was selected as the standard, and CBS sold the patents to its system to foreign broadcasters as PAL SECAM. CBS broadcast few color programs during this period, reluctant to supplement RCA revenue. They did, however, buy and license some RCA equipment and technology, taking the RCA markings off of the equipment, and later relying exclusively on Philips-Norelco for color equipment beginning in 1964, when color television sets became widespread. PAL or Phase Alternating Line, an analogue TV-encoding system, is today a television-broadcasting standard used in large parts of the world.

Paley met Dorothy Hart Hearst (1908–1998) while she was married to John Randolph Hearst, the third son of William Randolph Hearst. Paley fell in love with her, and, after her Las Vegas divorce from Hearst, she and Paley married on May 12, 1932, in Kingman, Arizona.

Paley's recognition of how to harness the potential reach of broadcasting was the key to his growing CBS from a tiny chain of stations into what was eventually one of the world's dominant communication empires. During his prime, Paley was described as having an uncanny sense for popular taste and exploiting that insight to build the CBS network. As war clouds darkened over Europe in the late 1930s, Paley recognized Americans' desire for news coverage of the coming war and built the CBS news division into a dominant force just as he had previously built the network's entertainment division.

Encouraged by Paley's avid interest in modern art and his outstanding collection, the Rockefeller family's Museum of Modern Art made Paley a trustee in the 1930s; in 1962 he was tapped by then-chairman David Rockefeller to be its president. In 1968, he joined a syndicate with Rockefeller and others to buy six works by Picasso for the museum from the notable Gertrude Stein collection. He subsequently became chairman, stepping down from the museum post in 1985.

In 1927, Samuel Paley, Leon Levy (who was married to Paley's sister, Blanche), and some business partners bought a struggling Philadelphia-based radio network of 16 stations called the Columbia Phonographic Broadcasting System. Samuel Paley's intention was to use his acquisition as an advertising medium for promoting the family's cigar business, which included the La Palina brand. Within a year, under William's leadership, cigar sales had more than doubled, and, in 1928, the Paley family secured majority ownership of the network from their partners. Within a decade, William S. Paley had expanded the network to 114 affiliate stations.

Paley was born in Chicago, Illinois, the son of Goldie (Drell) and Samuel Paley. His family was Jewish, and his father was an immigrant from Ukraine who ran a cigar company. As the company became increasingly successful, Paley became a millionaire, and moved his family to Philadelphia in the early 1920s. William Paley matriculated at Western Military Academy in Alton, Illinois and later received his college degree from the Wharton School at the University of Pennsylvania in expectation that he would take an increasingly active role running the family cigar business. While at the University of Pennsylvania, Paley joined the Theta chapter of Zeta Beta Tau fraternity.

William Samuel Paley (September 28, 1901 – October 26, 1990) was an American businessman, primarily involved in the media, and best known as the chief executive who built the Columbia Broadcasting System (CBS) from a small radio network into one of the foremost radio and television network operations in the United States.

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