Broadcast.comBroadcast.com was a web radio company founded as "AudioNet" in 1995 by Mark Cuban and Todd Wagner.
The company had inauspicious beginnings, as a desire by co-founder Mark Cuban to hear the basketball games of his alma mater, Indiana University. The initial setup involved picking up signals from Dallas radio station, KLIF in Cuban's bedroom and broadcasting them to home computers via the Internet.
As the company grew, AudioNet expanded from mainly broadcasting sporting events to broadcasting presidential conventions and many other events.
In May of 1998, AudioNet renamed itself Broadcast.com and on July 17, 1998, Broadcast.com had their initial public offering, setting (at the time) a one-day record for IPOs by rising almost 350% percent from its opening price. The stock closed up at $62.75 per share from their initial trading at $18 per share.
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