The move reflects broader challenges facing radio amid competition from streaming audio and digital platforms.— This story first appears at TheDesk.net, a premium source for original news and analysis on the business of media and technology.

CBS News said Friday it is shutting down its storied radio news service after nearly 100 years of operation as part of a round of layoffs, blaming a shift in radio station programming strategies and c...

While Weiss and Cibrowski did not mention the number of employees who will be let go in their memo, the number is reportedly around 6%, representing roughly 60 to 70 employees among a staff of 1,100.