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.
The key thing is this whole idea of continuity. There is this human need for stability as you enter a new year.
You can see the reaction on his face, As I was saying ...
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.