"So it's not really fair to say that Laurence Tisch came rolling into that meeting and just took it over."

　　"Well, apparently the Board took it over. What happened was, as of late last week, this Board was ready to support Tom Wyman. Something happened in the last several days to turn this Board around. And I think, in part, that something that happened was a growing sense of dissatisfaction with Wyman. And I suspect also, a sense that the Board probably had that the continued blood-letting in the press, would only continue if Wyman remained the helm, and they had to stop it."

　　"Yeah. Let me ask you for a very simplistic answer to a complicated question here. CBS got into this sort of trouble because of problems endemic to the television industry now, or because of mismanagement of CBS?"

　　"Both. Clearly, same thing is happening in all the networks. They're facing a future, at least the immediate future, where revenues no longer grow at the same rate they used to, which is 10, 12, 14 percent a year. Revenues are declining at all three networks. Advertisers are finding other outlets for their money, more efficient outlets, cheaper outlets for their money. There's new competition from the 4th network, from technology, from cable. Second, there was a feeling that, Wyman, though he was a good manager on paper and had a good strong managerial background, was not a people manager. Television is populated by a lot of famous people, who have rather large egos. They're also rather large talents. But in any case, those egos require some stroking. Tom Wyman was not was not a stroker. He was a go-by-the-book kind of manager. So he was a stranger, for instance, to the most important division of CBS, not the division that produces the most money, but the one that produces the most prestige, and that's the news division. "

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