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In 1993, Malamud launched "Internet Talk Radio" which was the "first computer-radio talk show, each week interviewing a computer expert."
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Time magazine said that RealAudio took "advantage of the latest advances in digital compression" and delivered "AM radio-quality sound in so-called real time."
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It broadcast its FM signal, live from the source, simultaneously on the Internet 24 hours a day.
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In 1998, the initial public stock offering for Broadcast.com set a record at the time for the largest jump in price in stock offerings in the United States. The offering price was US$18 and the company's shares opened at US$68 on the first day of trading.
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Yahoo! purchased Broadcast.com on July 20, 1999 for $5.7 billion.