Network news will still play an incredibly important role in this country, but the world that Peter, Tom and Dan began covering 25 years ago isn't the same world today. Technology, lifestyle and what constitutes news have all changed dramatically. I'm not saying that it is better or worse. I'm just saying that it's reality.

In an increasingly polarized world, it's hard to know whom to trust. CNN will be the only news channel that doesn't take a side.

Neal has presided over one of the most challenging and successful times in this news division's history,

Over the course of the past two weeks, ... NBC News has done a remarkable job of reporting on the devastation of Hurricane Katrina, and Steve has been integral in every aspect of our preparation, planning and coverage. . . . We have a talented team in place in the front office, and I'll be working closely with all of them throughout this transition.

It gives me great confidence to know that Steve will be at the helm while we navigate these complicated times,

That kind of news will spook the market and we will hear more of it because we're at the peak earnings reporting season.