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BROADCASTING: Small Change at CBS

CBS without William S. Paley? Archie Bunker should sooner be sans scowl, Kojak minus his shiny pate. True, last week the company's founder and guiding presence did say, as he promised last fall, that he would step down as chief executive officer May 11. Paley also named his successor: John David Backe, CBS's president, whom the chairman installed in October after firing Arthur R. Taylor (TIME, Oct. 25). But Paley will remain chairman and will still hold 6% of CBS's stock. He took care to tell shareholders at the annual meeting in...

Quotes of the Day »

RAY KELLY, New York City Police Commissioner, on the arrest of a New Jersey man in one of the nation's most baffling missing-children cases, the disappearance more than three decades ago of 6-year-old Etan Patz.
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