Andy Rooney, the elfin curmudgeon of 60 Minutes, usually gripes about quaintly trivial matters like hand soap and junk mail. But in his syndicated newspaper column two weeks ago, he launched an angry attack on a more substantial target: his own bosses. Recent layoffs and the just announced demise of the CBS Morning News, he charged, were symptoms of a growing bottom- line approach to news that is unworthy of a once great network. "CBS, which used to stand for the Columbia Broadcasting System, no longer stands for anything," Rooney wrote. "They're just corporate initials now."
The initials these days might...