William S. Paley

Date of Birth: September 28, 1901

Zodiac Sign: Libra

Date of Death: October 26, 1990

Biography

William S. Paley was a pioneering American businessman and a significant figure in the broadcasting industry. Born into a family of Ukrainian-Jewish immigrants, Paley went on to revolutionize the media landscape in the United States. He is best known for his role as the chief executive who built the Columbia Broadcasting System (CBS) from a small radio network into one of the largest and most influential television networks in the world. Paley’s keen understanding of programming, advertising, and audience engagement allowed CBS to lead in innovation and quality content. His leadership style was characterized by a hands-on approach and an unwavering commitment to excellence. Paley’s influence extended beyond broadcasting as he was also a noted philanthropist, art collector, and cultural icon.

5 Interesting Facts about William S. Paley

1. William S. Paley purchased CBS in 1928 when it was a struggling radio network and transformed it into a broadcasting giant.

2. Paley was a major patron of the arts and served as the chairman of the board of the Museum of Modern Art in New York.

3. He was known for his close relationships with celebrities and newsmakers, which helped him secure exclusive content for CBS.

4. Paley served in the Psychological Warfare branch of the Office of War Information during World War II.

5. He was married twice, first to Dorothy Hart Hearst and then to Barbara “Babe” Cushing Mortimer, and his personal life often made headlines.

5 Most Interesting Quotes from William S. Paley

1. “In the best of all worlds, our programs would be entertaining, informative, educational, and inspirational.”

2. “We cannot afford to forget any experience, not even the most painful.”

3. “I think I was a good businessman, but I also had a feel for what people wanted to hear and see.”

4. “Broadcasting will complement, rather than compete with, our educational system.”

5. “Success is the product of unremitting attention to purpose.”

Highest Net Worth Achieved

At his peak, William S. Paley’s net worth was estimated to be around $200 million.

Children

William S. Paley had two children with his first wife, Dorothy Hart Hearst: 1. Jeffrey Paley 2. Hilary Paley Califano He also had two children with his second wife, Barbara “Babe” Cushing Mortimer: 3. William Cushing Paley 4. Kate Cushing Paley