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Technology Stocks : Media Industries: Newspapers, TV, Radio, Movies, Online
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Tom Daly
From: S. maltophilia7/18/2025 12:02:16 AM
1 Recommendation  Read Replies (1) of 8534
 
Is Colbert’s Ouster Really Just a ‘Financial Decision’?
CBS no longer deserves the benefit of the doubt.

By David A. Graham


Scott Kowalchyk / CBS via Getty

July 17, 2025, 11:05 PM ET

Building an empire takes decades. Destroying it can only take a few years, and sometimes the vandals are in the palace, not outside the gates.

For much of the 20th century, American broadcast television revolved around three networks: NBC, ABC, and CBS. William S. Paley, CBS’s longtime CEO, made sure that his company—the Columbia Broadcasting Service—was a leader among them. The network was home to Edward R. Murrow, who brought World War II in Europe home to Americans on CBS Radio; after the war, Murrow’s reporting played a pivotal role in bringing down Senator Joseph McCarthy. Walter Cronkite dominated American evenings from his perch at the Evening News. And from the days of Mike Wallace to the more recent era of Lesley Stahl and Scott Pelley, 60 Minutes set the standard for longform television reporting.

Yet CBS’s current ownership seems determined to demolish this legacy. This evening, the network announced plans to end The Late Show With Stephen..

theatlantic.com
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