"So are you getting out of [cable news]?" asked David Rhodes, the president of CBS News, who was also on the panel with Ben Sherwood, president of ABC News.
"I don't think the mandate of Brian Williams is the same as Rachel Maddow on MSNBC," Capus responded. "Nor do I think what Fox News does tonight is what Chris Wallace does on Sundays. I think there's a place for all three cable outlets."
James Fallows, Atlantic national correspondent, hosted the panel with the three network presidents. Although the news today is fractionated and smaller, partisan and diverse, spiced with infotainment, where so-called "citizen news" interacted with common news, the three presidents expressed optimism about the future of their industry.
"Yahoo in one month reaches 95% of the American electorate," he said. "That means that good quality journalism has a chance to reach 95% of the American electorate."
Sherwood added that the march of technology meant the network could cut costs to focus their resources more on reporting. "Technology means not having to travel with 40 suitcases," he said.
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