CBS Spotlight

Paley says he's retiring, honest

"I'm like a father with a child, and I want it to succeed when I'm gone."

—William S. Paley

He is one of broadcast journalism's earliest pioneers and, as the autocratic leader of the Columbia Broadcasting System for more than half a century, a major figure in its growth from a fledgling business into a billion-dollar industry. Last week William S. Paley, who will be 81 in two weeks, announced that effective next April 20, he will resign after 37 years as chairman of CBS Inc. Paley told TIME...

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