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Is CBS News the Next Enron?
Partisan NewsJunkie ^ | 09/15/04 | News Junkie

Posted on 09/15/2004 10:25:16 AM PDT by News Junkie

From where I sit this week, knowing what I know today about CBS and Dan Rather's "Memogate", I'd say it's entirely possible that the whole CBS News empire could instantly implode the way that Enron and Arthur Andersen did.

A few years ago, in the roaring 90's stock market environment, Enron and Arthur Andersen were giants in their respective fields. Enron in the energy business, Arthure Anderson in the accounting realm. Both almost untouchable mega companies with thousands of employees. Today they are both gone. Zilch. Nada. Game over.

see more at http://partisannewsjunkie.blogspot.com

(Excerpt) Read more at partisannewsjunkie.blogspot.com ...


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KEYWORDS: arthurandersen; cbs; enron; forgery; memos; napalminthemorning; rather

1 posted on 09/15/2004 10:25:18 AM PDT by News Junkie
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To: News Junkie
And just where is CBS?

They said they would have an anouncement at noon.
There must be some desperate infighting over the anouncement to make it this late.

So9

2 posted on 09/15/2004 10:28:08 AM PDT by Servant of the 9 (We are the Hegemon. We can do anything we damned well please.)
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"Is CBS News the Next Enron?"

YES, Yes it is!


3 posted on 09/15/2004 10:28:26 AM PDT by Legion04
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To: Legion04

Anyone know Viacom's stock symbol and how they have held up over the last week?


4 posted on 09/15/2004 10:30:47 AM PDT by reed13
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To: News Junkie
CBS is not going away, but the News Division may be.
Viacom has been looking for a way to dump the loser news division and move the profitable '60 Minutes' into the entertainment division.
This fiasco may let them do it without congressional inquiries about their abrogating their responsibilities and losing the broadcast licenses of their Owned and Operated Stations.

So9

5 posted on 09/15/2004 10:30:57 AM PDT by Servant of the 9 (We are the Hegemon. We can do anything we damned well please.)
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To: Servant of the 9

Just like a Democrat - always late - must make the peons wait.


6 posted on 09/15/2004 10:31:21 AM PDT by reed13
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To: Servant of the 9
Viacom has been looking for a way to dump the loser news division and move the profitable '60 Minutes' into the entertainment division.

Good grief. Everybody on that show is old enough to have interviewed Woodrow Wilson. I guess the new crop of communists, ala Al Franken is still "not ready for prime time".

7 posted on 09/15/2004 10:34:00 AM PDT by Richard Kimball (We sleep soundly in our beds because rough men are ready to do violence on our behalf)
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To: reed13

here we go - VIA lost about 3% since Monday. From 35.5 to 34.5 for class b and 35.75 to 34.75 for class a.

Ah, the wonders of a free market.


8 posted on 09/15/2004 10:40:54 AM PDT by reed13
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To: News Junkie


9 posted on 09/16/2004 12:02:45 AM PDT by Paleo Conservative (What's the frequency Kenneth?)
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To: News Junkie

Fax# (212) 975-1998

10 posted on 09/16/2004 12:02:54 AM PDT by Paleo Conservative (What's the frequency Kenneth?)
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