CBS News Radio to shut down later this week

NEW YORK (CBS, KYMA) - CBS News is shutting down CBS News Radio on Friday after nearly 100 years of broadcasting.

The company cited "challenging economic realities" and a shift in radio programming strategies as reasons behind the decision.

About 700 affiliated stations nationwide carry CBS News Radio programming, and all jobs on the radio team will be eliminated, the company said.

"We understand how difficult this news is for our staff and their colleagues, who have worked side by side with us to cover some of the most significant stories of our time," CBS News President Tom Cibrowski and Editor-in-Chief Bari Weiss said in a statement.

They also paid tribute to the historic role of CBS News Radio in covering major events worldwide since the dawn of the broadcasting era.