Howard Stringer should have been jubilant during the weekend of May 22. The president of CBS Broadcast Group was traveling to Britain for dinner with Prince Charles, who was celebrating his 25th anniversary as the Prince of Wales. In those 25 years, Stringer had risen to become the top operating executive at CBS Inc. and one of the most eloquent champions of traditional broadcasting in America. By reviving his network's ratings and luring David Letterman from NBC Inc., he had even convinced his saturnine boss, CBS Chairman Laurence A. Tisch, that broadcasting could be fun again.
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