By any financial standard, CBS is the top network. It has posted record earnings for 17 consecutive quarters and, according to a Television Digest report released last week, its 1974 pretax profits ($110 million) were almost double those of its two competitors combined. Chairman William Paley, 73, who has run the network for almost 50 years, should feel a bit cheery. But Paley is fretful these days. He is upset by, of all things, a book, and a bad one at that.
CBS, Reflections in a Bloodshot Eye is an unauthorized history of his...
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