The Lincoln Plawg - the blog with footnotes
Thursday, September 23, 2004
Rathergate and network news
The saner lobe of the bicephalic Wall Street Journal considers the sequelae under hed CBS Controversy Comes As Network Nightly News Shows Are Losing Clout.
Nightly news viewers are aging and dying off; shout shows and fluff are cheap and draw audiences. Suits are risk-averse. Old Dan Rather's little problem just gives the process a bit of a shove. Nothing much original, but a useful summary.
"The CBS story doesn't mean that people should or will back away from smart, investigative reporting," says Neal Shapiro, president of NBC News, adding that the only restriction GE "has ever given me is to get it right."
Now, given that to err is human , that is some Sword of Damocles!
The NYT has a piece suggesting that the Killian Krisis isn't doing much damage to Viacom.
The reason seems to be that CBS News is a pretty small component of Viacom's profits: of last year's $3.6 billion operating income, Heyward's Heroes contributed around $100-300 million, according to one Viacom anonymouse.
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