I recently posted an Albuquerque Tribune column on the decline and fall of TV news. In it, I noted that Edward R. Murrow's glory days ended when CBS realized that while Murrow's show made money an entertainment program at that hour would harvest many more dollars. The difference is called "opportunity cost."
Today, in its story on Ted Koppel's upcming departure from ABC, the New York Times notes that ABC has been leaving money on the table by carrying Koppel's "Nightline".
Yesterday I cast aspersions on the latest report on pre-Iraq War intelligence, noting that it plays into the hands of the Bush White House. In that connection, I recommend you read the Times' story and also the Times' editorial today on the report. They echo and/or complement my comments.
I don't know whether to enjoy or regret these validations. Do they mean I know what I am talking about? Or that I'm part of the Eastablishment rather than a dissenting voice.
Your call.