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Radio broadcasting has been used in the United States since the early 1920s to distribute news and entertainment to a national audience. In 1923, 1 percent of U.S. households owned at least one radio receiver, while a majority did by 1931 and 75 percent did by 1937.[1][2] It was the first electronic "mass medium" technology, and its introduction, along with the subsequent development of sound films, ended the print monopoly of mass media. During the Golden Age of Radio it had a major cultural and financial impact on the country. However, the rise of television broadcasting in the 1950s relegated radio to a secondary status, as much of its programming and audience shifted to the new "sight joined with sound" service.
Originally the term "radio" only included transmissions freely received over-the-air, such as the AM and FM bands, now commonly called "terrestrial radio". However, the term has evolved to more broadly refer to streaming audio services in general, including subscription satellite, and cable and Internet radio.