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SAVING CBS NEWS FROM ITSELF (Viacom)
Philadelphia Daily News ^ | September 18, 2004 | PETER FLAHERTY

Posted on 09/18/2004 1:15:51 AM PDT by Cincinatus' Wife

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1 posted on 09/18/2004 1:15:51 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
Shareholders should be upset. Big $$$ gets sent to the top and they fumbling.

Anybody know who holds large percentages of related CBS/Viacom stock? Who are the movers and shakers?

2 posted on 09/18/2004 1:22:18 AM PDT by endthematrix (Where is that number for FReeper addiction?)
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To: Cincinatus' Wife

Excellent article. Rather and CBS had better do something. I'm not one for conspiracies, but I think they've got a LOT to hide, which explains their stonewalling.


3 posted on 09/18/2004 1:22:31 AM PDT by Jenya (Buy Unfit for Command. Donate to Swiftvets.com. It's your American duty.)
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To: Cincinatus' Wife
Dan Rather joined CBS News in 1962. He is a bit of an institution.

Mental, I'd say.
4 posted on 09/18/2004 1:22:48 AM PDT by pt17
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To: Cincinatus' Wife

Their reputation already sucked so probably doesn't make much difference anyway. They're in the downward death spiral and probably aren't coming out of it alive. It's the end of CBS as we know it. Thank you Dan Rather. And the really great thing is, you're taking Kerry and the Democrats down with you. God works in mysterious ways.


5 posted on 09/18/2004 1:23:53 AM PDT by Jim Robinson
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To: Cincinatus' Wife

6 posted on 09/18/2004 1:24:21 AM PDT by Jenya (Buy Unfit for Command. Donate to Swiftvets.com. It's your American duty.)
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To: Cincinatus' Wife

Excellent post. I posted the following question on another thread that is more appropriately asked here. Isn't Viacom actually breaking some kind of federal law if they do nothing? And can't the board of directors be held (criminally?) responsible? Let's say that Dan Rather knowingly conspired to use the forged documents that he knew came from the Democratic Party, using the power of CBS as a news organization to hurt the Republicans in a presidential election. There must be federal laws against corporations allowing this to happen if, rather than proactively doing something like firing Rather and issuing corrections, they simple "let it ride".


7 posted on 09/18/2004 1:26:37 AM PDT by jporcus
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To: Cincinatus' Wife
CBS News and "60 Minutes" are valuable brands. Over the years, "60 Minutes" has been a cash cow for the network. Those brands now face irreparable harm. The Viacom board has a fiduciary duty to protect the interests of shareholders by getting to the bottom of how CBS came to use the fakes, and where they came from.

Even if Viacom's board takes action in the next week or so, I suspect that the full story (when it comes out) will have further adverse effects on CBS/Viacom stock. Look for shareholder lawsuits in the not-too-distant future.

8 posted on 09/18/2004 1:29:30 AM PDT by macbee (Hanlon's Razor: "Never ascribe to villainy that which is best explained by stupidity.")
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To: jporcus

By the way, the reason I believe Rather may have conspired to do this is this. Why didn't he simply say the documents seem forged and that they will not look into this and reveal the sources? Well, if the sources would indict him, then he must do the seemingly irrational to keep fighting, all with the veneer of "protecting his sources".


9 posted on 09/18/2004 1:29:31 AM PDT by jporcus
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To: Jim Robinson
Maybe I should release the document I just found.


10 posted on 09/18/2004 1:30:20 AM PDT by Just Another Lurker (I'll go back to sitting in my corner now)
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To: jporcus; Cincinatus' Wife
By the way, the reason I believe Rather may have conspired to do this is this. Why didn't he simply say the documents seem forged and that they will not look into this and reveal the sources? Well, if the sources would indict him, then he must do the seemingly irrational to keep fighting, all with the veneer of "protecting his sources".

I happened by the TV yesterday and saw Eric Burns of Fox's Media Watch trying to pitch the point that Rather wasn't to blame for all of this. Burns said that Rather relies on his producer(s) and staff and it was they who made the mistakes. Why do I have trouble believing this?
11 posted on 09/18/2004 1:35:19 AM PDT by pt17
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To: Cincinatus' Wife

They can't dump him just yet, he is CBS news, deciding who will replcae him must be a real scream.


12 posted on 09/18/2004 1:37:58 AM PDT by John Lenin
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To: pt17
But I think that Rather is not just a news reader, but also some kind of managing editor. Also, didn't he say right on TV that regardless of all his minions who worked on this story, he not only stands behind it but accepts full responsibility - "the buck stops with him"?

This is all too sweet to watch unfold.

13 posted on 09/18/2004 1:39:26 AM PDT by jporcus
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To: Just Another Lurker

LOL


14 posted on 09/18/2004 1:41:09 AM PDT by Cincinatus' Wife
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To: Just Another Lurker
Boy, you can tell that Texas soil smudge on that a mile away.

Can I recommend a great biz that handles faxes in a fab way? I heard ya gotta follow proper portal protocal when feedin' the devourous appetite of media moguls...

Ya just need to head over Abilene way...it's a cinch...they've already got the numbers you need built right into the fax memory...

15 posted on 09/18/2004 1:43:34 AM PDT by Colofornian
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To: Cincinatus' Wife

If CBS ever categorically admits that the documents are forged, wouldn't the fact that someone committed a federal crime, in an attempt to take down a sitting President, become "the story", even with CBS?

This is the real story.

The fact is, Bush has been in office for four years, and no one gives a damn about his National Guard follies at this point.

The criminal forgeries (and Rather's foolishness) are the real stories...


16 posted on 09/18/2004 1:43:50 AM PDT by sargon (How could anyone vote for the socialist, weak-on-defense fraud named John Kerry?)
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To: Jim Robinson
God works in mysterious ways.

Bump!

17 posted on 09/18/2004 1:44:02 AM PDT by Cincinatus' Wife
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To: jporcus

The Bill Clinton rule: "If no one says anything, they can't prove anything."


18 posted on 09/18/2004 1:45:19 AM PDT by Cincinatus' Wife
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To: jporcus
the buck stops with him

That should be done literally to CBS: The Buck stopping at its borders. All Republican political advertising planned for CBS should be redirected to the other big three and/or cable channels.

Republican candidates should boycott CBS reporters on campaign night, thereby further dooming the CBS wanna-be politicos.

19 posted on 09/18/2004 1:46:43 AM PDT by Colofornian
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To: pt17
....Eric Burns of Fox's Media Watch ...

They were very weak on this story last week. I guess they're more interested in protecting their profession than analyzing - the reason for their show.

The NEED a citizen blogger in one of those seats!

20 posted on 09/18/2004 1:47:49 AM PDT by Cincinatus' Wife
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