:16:01
Point one.
:16:03
"The division producing the lowest rate
of return has been the News Division...
:16:07
with its $98 million budget and its
average annual deficit of $32 million."
:16:13
I know, historically, news divisions
are expected to lose money.
:16:17
To our minds, this philosophy
is a wanton fiscal affront...
:16:19
to be resolutely resisted.
:16:23
The new plan calls for local news to be
transferred to Owned Stations Divisions.
:16:28
News Radio would be transferred to
the UBS Radio Division...
:16:32
and the News Division would be reduced
from an independent division...
:16:36
to a department accountable
to network.
:16:45
- What was that all about, Ed?
- This is not the time.
:16:48
Why wasn't I told about this?
:16:50
Why was I led up onto that podium and
humiliated in front of the stockholders?
:16:54
Goddamn it! I spoke to John Wheeler
this morning...
:16:57
and he assured me
that the News Division was safe.
:16:59
If you want me to resign,
that's a bad way to do it.
:17:01
We'll talk about this tomorrow
at our regular morning meeting.
:17:16
Roll VTA.
:17:18
Bring it up on one.
Ready now.
:17:21
In five, four, three, two...
:17:25
- One.
- One TVA.
:17:28
And...
:17:31
cue announcer.
:17:33
The "UBS Evening News"...
:17:36
with Howard Beale.
:17:38
Ready two.
:17:40
Two. Cue power.
:17:41
Good evening.
Today is Wednesday, September 24...
:17:45
and this is my last broadcast.
:17:48
Yesterday I announced
on this program...
:17:50
that I was going to commit
public suicide...
:17:53
admittedly an act of madness.
:17:56
I'll tell you what happened.
I just ran out of bullshit.
:17:59
- Cut him off.
- Leave him on.