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CBS Takeover Attempts #303041

CBS Evening News for Wednesday, Apr 17, 1985
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(Studio) Ted Turner reported openly beginning attempted takeover of CBS; details given.
REPORTER: Dan Rather

(Chicago, Illinois) CBS' annual stockholders meeting today featured; films shown. [Chairperson Thomas WYMAN - will resist any takeover move.] [Fairness in Media spokesperson Carter WRENN and James CAIN - accuse Dan Rather of anti-Reagan bias; want policy changes at CBS.] [Stockholder Hoover ADAMS - comments.] [WYMAN - feels networks' integrity and independence are inextricably linked.] [TURNER - declines comment.] Turner's alleged recruitment of E.F. Hutton to purchase CBS stock mentioned. [Analyst David LONDONER - doesn't think Turner will be successful.] [Analyst Richard McDONALD - thinks Turner's motive with CBS is purely ego gratification.] Turner lawyer said informing Federal Communications Commission of client's intentions to take CBS.

Brady, Ray;
Rather, Dan

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