New York - AOL (NYSE: TWX) on Tuesday launched its new AOL Radio service, which is now powered by CBS (NYSE: CBS) and will feature 150 local CBS Radio stations alongside more than 200 AOL Radio channels. CBS Radio will also sell advertising across the entire service, which will let users skip songs, and share streams with AIM users. The deal with CBS replaces AOL's previous partner, XM Satellite Radio. AOL also plans to release downloadable versions of AOL Radio for Winamp and the Mac in the coming weeks, and is working on widgets that will let users access stations directly third-party applications.

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