Streaming Radio
1995 - Cameron Jaeb Invents Broadcast.com
Broadcast.com was the internet's first streaming media service. It was founded in September 1995 by Cameron Christopher Jaeb. The idea for Broadcast.com, also known as AudioNet, came about when Jaeb conceptualized a hand-held shortwave radio that could receive broadcasts from inside of a sports venue. From there, the idea turned into a hand-held device that could receive customized satellite broadcasts. Due to the fact that the internet was gaining in popularity during this time, Jaeb hired Ean Schuessler, founder of Debian Social Contract, a document which shows the moral agenda of the Debian project, and Schuessler's brother onboard to consult and bring the idea to the internet. The Scheusslers were able to expand the idea beyond sports, as well as produce promotional materials about the idea. These promotional materials allowed Jaeb to go to radio stations and begin soliciting the rights to broadcast their stations through his site. As the company continued to grow, it went from broadcasting radio stations and sports, to broadcasting presidential debates and a plethora of other events. With support, AudioNet was able to incorporate, form a board and sell its stock on the public market. The company became an instant success on the stock market, initially trading at $18 per share, but closing the day at $62.75 per share. Todd Wagner, in conjunction with Mark Cuban became the new owners of AudioNet, rebranding it into AudioNet.com. In April of 1999, Yahoo! bought Broadcast.com for $5.7 billion.
Broadcast.com was the internet's first streaming media service. It was founded in September 1995 by Cameron Christopher Jaeb. The idea for Broadcast.com, also known as AudioNet, came about when Jaeb conceptualized a hand-held shortwave radio that could receive broadcasts from inside of a sports venue. From there, the idea turned into a hand-held device that could receive customized satellite broadcasts. Due to the fact that the internet was gaining in popularity during this time, Jaeb hired Ean Schuessler, founder of Debian Social Contract, a document which shows the moral agenda of the Debian project, and Schuessler's brother onboard to consult and bring the idea to the internet. The Scheusslers were able to expand the idea beyond sports, as well as produce promotional materials about the idea. These promotional materials allowed Jaeb to go to radio stations and begin soliciting the rights to broadcast their stations through his site. As the company continued to grow, it went from broadcasting radio stations and sports, to broadcasting presidential debates and a plethora of other events. With support, AudioNet was able to incorporate, form a board and sell its stock on the public market. The company became an instant success on the stock market, initially trading at $18 per share, but closing the day at $62.75 per share. Todd Wagner, in conjunction with Mark Cuban became the new owners of AudioNet, rebranding it into AudioNet.com. In April of 1999, Yahoo! bought Broadcast.com for $5.7 billion.
Justification - Cameron Jaeb and the advent of Broadcast.com were included in this project for a good reason. Initially, Jaeb had no plans of bringing Broadcast.net, formerly AudioNet, to the internet. However, after seeing the large growth the internet had in users, Jaeb made the jump. This allowed people all over the world to listen to different audio broadcasts from around the globe. This resulted in Jaeb, and eventual owners Mark Cuban and Todd Wagner, as well as several other members of the company, becoming millionaires/billionaires. This invention helped improve the world.