Katie is simply one of the best in the business and represents a tremendous addition to CBS News.

I take great pride in all the tremendous success we've enjoyed at CBS. And the good news is that I feel even more enthusiastic about what my terrific team and I will accomplish going forward.

News, by and large, has been the purest of all the television mediums, or at least we've tried to keep it that way, and there constantly is the argument about the separation between church and state.

By the same token, I think news has more and more of a pro bono aspect to all the networks. When we do our election coverages throughout this coming year, it's not a money-maker for us. It is more of a public service situation.

There's good news about being in third place. We can try stuff. We can take risks.

We think wireless is going to grow tremendously. Do I think people are going to watch an episode of 'Survivor' on a 2-inch television set? I doubt it. But I do think somebody's going to go to a grocery store in the middle of a football game and watch that game.