CBS Evening News for Wednesday, Oct 12, 1983
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(Studio) Report introduced
REPORTER: Dan Rather
(NYC) Cable TV's financial problems examined; Satellite News Channel's demise cited as example [SNC ANNOUNCER - recalls network's beginnings.] [SNC anchor Amanda DAVIS - feels 24-hour news audience is too small to sustain 2 such services.] Takeover price paid by Ted Turner's CNN to ABC and Westinghouse for SNC mentioned; losses by CBS and RCA on their cultural channels noted. [Cable executive Marc NATHANSON - believes market is satiated with unsought programs.] MTV's successful format noted; scenes from "Uptown Girl" by Billy Joel shown courtesy Columbia Records. [Westinghouse Bdcsting. spokesperson Dan RITCHIE - feels many will survive.]
REPORTER: Bernard Goldberg
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