Walter Cronkite Leaving CBS Inc. Board of Directors
NEW YORK (AP) _ Walter Cronkite, longtime news anchorman for CBS, is leaving the CBS Inc. board of directors, a company official said Friday.
″It was basically his decision not to stand for re-election,″ CBS corporate counsel Tom McKee said. ″Mr. Cronkite will continue to serve as a special consultant to the company and as a special correspondent to CBS News.″
Cronkite’s fellow director, Newton Minow, a former chairman of the Federal Communications Commission, told the CBS board that he, too, will not stand for re-election, McKee said.
Word of their decisions is to be mailed to CBS stockholders in the company’s proxy statement Monday, McKee said.
Cronkite, 74, has been a director since 1981. Minow, 65, has been a director since 1983, McKee said.