Today in 1851, the first issue of the New- York Daily Times was published. Six years alter it changed its name to The New-York Times. Also today, in 1927, the “Columbia Phonographic Broadcasting System” went on the air  with a presentation by the Howard Barlow Orchestra from flagship station WOR in Newark, New Jersey, and fifteen affiliates. The next year, the new owners of the radio network installed 26-year-old William S. Paley as president of the renamed Columbia Broadcasting System (CBS).