From Andy Rooney:
[T]hey're talking about giving Katie Couric $20 million. I say take that $20 million you could buy 40 reporters, 40 new reporters. You could give them each $250,000. I mean, there are hundreds of reporters who would jump at getting $250,000. So take that $20 million don't give to it Katie. Give it to a bunch of reporters and make CBS news the best news report in the world.
Link.
Makes sense. Of course, I doubt CBS has much interest in being the best news agency. Image--not substance--is everything, and Katie has a lot of image appeal.