After Murrow, CBS made news much more corporate. They found a new type of journalist who defined the networks. It was now about the anchorman. From '62 to the present, the anchor was the key figure for network news.

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The key thing is this whole idea of continuity. There is this human need for stability as you enter a new year.

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You can see the reaction on his face, As I was saying ...

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For the amount that television has changed over the last 50 years, New Year's Eve celebrations have a continuity to the earliest days. It's always been about festivity with song and a celebration at Times Square. It's about whatever's happening in music that year, and watching the ball drop.

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